Glencore May Snap Up Shell Oil Assets in Singapore ...Middle East

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Glencore May Snap Up Shell Oil Assets in Singapore
Glencore may acquire Shell’s oil operations in Singapore after several previous candidates for the assets changed their minds about competing for them. This is according to unnamed sources who spoke to Reuters, saying that the Swiss commodity trading major was currently in the process of evaluating the assets with the help of Indonesian PT Chandra Asri Petrochemical. The assets in question include Shell’s Singapore refinery, which has a capacity of 237,000 barrels daily, an ethylene plant, and a mono-ethylene glycol production…

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