Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake, Bloomberg News reports
24/12/2025 05:23
Corrects link to previous report in paragraph 3 Dec 24 (Reuters) - Japan's top oil refiner Eneos 5020.T is leading rival bidders for Chevron's CVX.N stake in a Singapore refinery, with a deal nearing completion, though potential delays remain, Bloomberg News reported on Wednesday, citing people familiar with the matter. Reuters could not immediately verify the report. Eneos and Chevron did not immediately respond to Reuters' request for comment. Reuters reported in September that Chevron's Singapore refinery, the second-largest in the region, is valued at about $1 billion. Global commodities traders Vitol and Glencore GLEN.L were expected to submit formal bids for a 50% stake in the facility. (Reporting by Mihika Sharma in Bengaluru; Editing by Sonia Cheema) ((Mihika.Sharma@thomsonreuters.com;))
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