Eneos Buys Chevron’s Singapore Refinery Stake and Asian Assets for $2.2 Billion
Eneos has agreed to buy Chevron’s stake in a Singapore refinery and other refining and retail assets across Asia Pacific for about $2.2 billion, expanding the Japanese refiner’s presence in the region.
The deal also aligns with Eneos’s stated goal of securing more stable crude supplies from the U.S. and other sources, as well as from the Middle East via routes outside the Strait of Hormuz.
From the sources (3 posts)
@businessJapanese refiner Eneos has agreed to purchase some of Chevron’s refining and retail assets across the Asia Pacific for $2.17 billion, significantly expanding its footprint across the region
@firstsquawkENEOS Holdings CEO says the company aims to secure stable crude supply from the U.S. and other sources, as well as from the Middle East via routes outside the Strait of Hormuz.
@reutersEneos to buy Chevron's Singapore refinery stake, Asian assets for $2.2 billion