"The President’s Saudi trip was a bizarre Art of the Deal-esque foreign policy disaster: a sleazy mix of conflicted government-arranged corporate endorsement deals. Most troubling of all was Tillerson’s presence and role in accommodating Exxon’s deal with the House of Saud, thereby violating the former CEO‘s recusal agreement."
-- Tyson Slocum, director of Public Citizen's Energy Program
The agreement.....signed between ExxonMobil and the state-owned Saudi Basic Industries Corporation (SABIC) to study a proposed co-owned natural gas refinery in the Gulf of Mexico. Under the deal, signed at the Saudi-U.S. CEO Forum, the two companies would “conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work” for the 1,300-acre, $10 billion plant set to be located near Corpus Christi, Texas. When built and fully functioning, Gulf Coast Growth Ventures will be the largest cracker facility on the planet.