December 6, 2023 [Reuters]- Shell (SHEL.L) has shortlisted at least four companies including state-run China National Offshore Oil Corp (CNOOC) and top global energy trader Vitol as bidders for its Singapore refinery assets, sources with knowledge of the matter said.
The companies have been asked to submit formal bids by the end of February, two of the sources said. Two sources also said Shell aims to close a transaction by the end of 2024.
Reuters spoke with six sources for this article. All declined to be identified as the deal discussions were confidential.
When Shell’s Bukom facility opened in 1961 it was Singapore’s first refinery and was once Shell’s biggest refining-petrochemical complex globally.
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