As part of a push to streamline global assets and reduce costs, U.S. supermajor Chevron is inviting non-binding bids from potential buyers of its 50% stake in a refinery in Singapore, Reuters reported on Thursday, citing multiple sources with knowledge of the matter. Chevron seeks non-binding bids from potential buyers in July and has already hired Morgan Stanley to explore the sale of its 50% stake in Singapore Refining Company (SRC), as well as other assets in Asia, according to one of Reuters’ sources. Singapore Refining…
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