Saudi Aramco denies bidding for Lyondell's Houston refinery

 23 Oct 2016 - 8:47

Saudi Aramco denies bidding for Lyondell's Houston refinery
Refinery workers walk inside the LyondellBasell oil refinery in Houston, Texas March 6, 2013. Reuters/Donna Carson/File Photo

Reuters

DUBAI: Saudi Arabian state oil giant Saudi Aramco denied on Sunday it had bid for the purchase of LynodellBasell Industries NV's refinery in Houston.

Sources familiar with the matter had told Reuters on Friday that at least three firms including Aramco had bid over $1 billion for the refinery, with the Saudi firm seen as the front-runner among the bidders.

"The company did not bid for the referred venture," an Aramco statement said.