Riyadh – Mubasher: Motiva, the US refining arm of Saudi Aramco, has signed an agreement to buy the Flint Hills Resources chemical plant nearby its Port Arthur, Texas, Reuters reported.

Motiva did not disclose further details regarding the deal’s total value.

Moreover, the company plans to operate the chemical plant while it builds three giant petrochemical units within its Port Arthur complex as part of an $18 billion expansion of operations along the US Gulf Coast.

Motiva noted that it expects to close the deal by the end of 2019.