Global commodity trading firm Glencore is reportedly considering buying Shell's Singapore refinery and other local assets.
Glencore is working with Indonesia's PT Chandra Asria Petrochemical to evaluate the 237,000 b/d Pulau Bukom refinery and other assets, news agency Reuters reported this week, citing industry and trading sources.
The Pulau Bukom refinery is a major supplier of bunker fuels to the Singapore market.
CNOOC and Vitol were among firms that had previously shown interest in acquiring the assets.
Glencore's only refinery at present is a 100,000 b/d plant in Cape Town.
Glencore was listed as Singapore's 11th-largest bunker supplier by volume last year, up from 13th place in 2022.
