Exclusive: Shell Taps Goldman Sachs to Explore Singapore Refinery Sale -Sources
08.24.2023 By Tank Terminals - NEWS

August 24, 2023 [Reuters]- Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close to the matter.

 

The global energy major’s new CEO, Wael Sawan, is targeting¬†spending cuts¬†over the next two years to boost profitability while remaining committed to achieving net zero emissions by 2050.

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