Shell is considering selling its refinery assets located on Singapore's Bukom Island¹². The assets include a refinery producing 237,000 barrels per day and an ethylene plant with a capacity of one million metric tonnes per year¹². Shell has shortlisted at least four companies for the potential sale, including global energy trader Vitol, state-run China National Offshore Oil Corporation (CNOOC), and Chinese chemical companies Eversun Holdings and the Befar Group¹². The interested parties have been asked to submit formal proposals by the end of February 2024¹². Shell aims to complete the sale by 2024¹². The exact amount Shell is requesting for the assets was not disclosed¹². Source: (1) CNOOC, Vitol among suitors for Shell’s Singapore refinery. https://lnkd.in/ghZyF8mV. (2) Shell Shortlists CNOOC and Vitol for Singapore Assets Sale. https://lnkd.in/greSavNF. (3) Shell looks to divest Bukom oil refinery in Singapore - Offshore Technology. https://lnkd.in/g3kN-GSN. (4) Shell mulls sale of Singapore refining, petrochem plants; appoints .... https://lnkd.in/g7byqAge. (5) EXCLUSIVE-CNOOC, Vitol among those shortlisted for Shell Singapore .... https://lnkd.in/gfzuy2vr.
