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flag Japan’s Eneos leads bid to buy Chevron’s Singapore refinery stake in $1B deal nearing completion.

flag Japan’s Eneos is reportedly leading a group of bidders for Chevron’s stake in Singapore’s Singapore Refining Company, a major 290,000 barrels-per-day refinery on Jurong Island, with the deal nearing completion. flag The transaction, valued at around $1 billion, reflects growing interest in strategic energy assets in Southeast Asia amid shifting global energy dynamics. flag While Eneos, Japan’s largest oil refiner, is seen as a top contender, the final outcome remains pending as Chevron evaluates offers. flag Neither Eneos nor Chevron has commented publicly, and the deal is subject to regulatory approvals and potential delays. flag The refinery is a key player in Singapore’s status as a global refining and petrochemical hub.

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