Sinopec May Make Move for Shell Singapore Oil Refinery, Bloomberg Reports
--China oil major Sinopec has emerged as a potential suitor of Shell's Bukom oil refinery in Singapore as it seeks to gain exposure to the city-state's market, Bloomberg reports, citing unnamed sources.
--According to Bloomberg, discussions with the interested parties are in the early stages, and the refinery could be sold for a nominal fee but involve the buyer taking on liabilities that may exceed $1 billion.
--A spokesperson for Shell said it has started a strategic review of its energy and chemicals assets on Singapore's Bukom and Jurong islands, Bloomberg says.
Full story: bit.ly/3sqFr6T
Write to Singapore editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
August 24, 2023 03:15 ET (07:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back
-
Alibaba Earnings: More Positive Outlook Despite Mixed Results
-
After Earnings and a 56% Rally In 2024, Is Arm Stock a Buy, a Sell, or Fairly Valued?
-
How Morningstar Rates Stocks
-
After Earnings, Is Disney Stock a Buy, a Sell, or Fairly Valued?