Sinopec May Make Move for Shell Singapore Oil Refinery, Bloomberg Reports
Provided by
Dow Jones
--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.-
3 Stocks to Buy and 3 Stocks to Sell After Earnings
-
Markets Brief: Is It Really a Surprising Quarter for Earnings?
-
After Earnings, Is Berkshire Hathaway Stock a Buy, a Sell, or Fairly Valued?
-
For Bond Investors, Delayed Rate Cuts Demand a Different Playbook
-
What’s Happening In the Markets This Week
-
How the Tokyo Stock Exchange Is Pushing for Better Shareholder Returns
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Where We See Opportunities After an Ugly Month for Stocks
-
What I Hope My 14-Year-Old Learned at Berkshire Hathaway’s 2024 Annual Meeting
-
After Earnings, Is Amazon Stock a Buy, a Sell, or Fairly Valued?
-
The 10 Best Dividend Stocks
-
3 Stocks With High Dividend Yields That Warren Buffett Likes
-
How to Invest Like Warren Buffett
-
Berkshire Hathaway Earnings: Strong Insurance Results Continue to Lift Revenue and Profitability
-
10 Questions for Berkshire Hathaway’s 2024 Annual Meeting
-
After Earnings, Is Ford Stock a Buy, a Sell, or Fairly Valued?