Market Chatter: Chevron Looking to Conclude Stake in Singapore Refining Assets in May
MT Newswires04-28
Chevron is targeting to conclude the 50% sale of its stake in Singapore Refining and other regional assets to Eneos in May, according to a report by Reuters on Tuesday.
Speaking with two sources familiar with the matter, the report added that the deal, valued at more than $1 billion, was delayed due to the impact of the US-Iran war.
Both parties are now looking at certain terms in the deal, which include offtake agreements, the report added.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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