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flag Indonesian firm Chandra Asri and Swiss Glencore buy Shell's Singapore refinery for $1 billion.

flag A joint venture between Indonesian company Chandra Asri and Swiss firm Glencore has completed the acquisition of Shell's refinery and petrochemical assets in Singapore. flag The deal, estimated to be worth around $1 billion, includes a refinery capable of processing 237,000 barrels of oil daily. flag Shell will maintain its presence in Singapore through its marketing and trading operations.

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