Eneos buys Chevron Singapore refinery stake for $2.2B
Eneos will buy Chevrons stake in a Singapore refinery and other assets for 2.2 billion dollars. The deal marks the firms first refining foray beyond Japan.
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ENEOS HOLDINGS INC will acquire CHEVRON CORP's 50% stake in the Singapore Refining Company and other regional assets for $2.2 billion. The deal marks the first major refining expansion outside Japan for the energy giant. Japanese firms are seeking growth in Southeast Asia to offset a shrinking domestic market.
