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Glencore eyes Shell Singapore assets as CNOOC pulls out

AsiaGlencore eyes Shell Singapore assets as CNOOC pulls out


Energy

Primanews exclusively reported that Swiss miner and commodities trader Glencore is looking at buying Shell’s oil refinery and petrochemical units in Singapore as the oil major seeks a buyer for the sites after earlier suitors dropped out. 

Market Impact

Buying the assets would give Glencore a physical foothold for its trading in Asia’s main oil hub.

Article Tags

Topics of Interest: Energy

Type: Primanews Best

Sectors: Commodities & Energy

Regions: Asia

Countries: Singapore

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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