Sinopec Explores Acquisition of Shell’s Oil Refinery in Singapore
China’s state-owned Sinopec is among the interested parties considering the acquisition of Shell Plc’s iconic Bukom oil refinery in Singapore. Shell’s review of its refining and chemicals business has led to the consideration of divesting the Bukom refinery, a strategic asset, sparking interest from various quarters. Sources familiar with Sinopec’s internal discussions revealed that the Chinese refining giant is attracted …