--China oil major Sinopec has emerged as a potential suitor of Shell's Bukom oil refinery in Singapore as it seeks to gain exposure to the city-state's market, Bloomberg reports, citing unnamed sources.

--According to Bloomberg, discussions with the interested parties are in the early stages, and the refinery could be sold for a nominal fee but involve the buyer taking on liabilities that may exceed $1 billion.

--A spokesperson for Shell said it has started a strategic review of its energy and chemicals assets on Singapore's Bukom and Jurong islands, Bloomberg says.

Full story: bit.ly/3sqFr6T

Write to Singapore editors at singaporeeditors@dowjones.com

(END) Dow Jones Newswires

August 24, 2023 03:15 ET (07:15 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Shell (NYSE:SHEL)
Gráfico Histórico do Ativo
De Nov 2023 até Dez 2023 Click aqui para mais gráficos Shell.
Shell (NYSE:SHEL)
Gráfico Histórico do Ativo
De Dez 2022 até Dez 2023 Click aqui para mais gráficos Shell.