Chevron's Singapore Refinery Stake: Vitol & Glencore Bidding War
Update: 2025-09-17
Description
Oil giants battle for Singapore refinery! Vitol and Glencore are bidding for Chevron's $1 billion stake in a major Singapore refinery, a strategic asset in Asia's top oil trading hub. Will PetroChina, the current co-owner, block the deal, or will a European powerhouse seize control? This high-stakes sale could reshape the Asian energy market.
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