business
ENEOS to buy certain Chevron downstream assets in APAC for $2.2bn
Key takeaways
- The assets involved in the deal are in Australia, Indonesia, Malaysia, the Philippines, Singapore and Vietnam.
- Through the deal, ENEOS will acquire Chevron Singapore’s 50% interest in the Singapore Refining Company and 100% of multiple Chevron subsidiaries.
- ENEOS will conduct the purchase through a Singapore-based special purpose vehicle.
ENEOS to buy certain Chevron downstream assets in APAC for $2.2bn Salong Debbarma Thu, May 14, 2026 at 9:16 PM GMT+7 2 min read 5020.T CVX Japan-based ENEOS has signed a deal worth $2.17bn (Y336bn) to acquire certain downstream fuel and lubricants businesses in Asia-Pacific (APAC) from Chevron.
The assets involved in the deal are in Australia, Indonesia, Malaysia, the Philippines, Singapore and Vietnam.
Through the deal, ENEOS will acquire Chevron Singapore’s 50% interest in the Singapore Refining Company and 100% of multiple Chevron subsidiaries.
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