U.S. supermajor Chevron expects to finalize this quarter a planned sale of its stake in a Singaporean refinery and distribution assets in wider Asia, Reuters reported on Wednesday, quoting multiple sources familiar with the development. Last year, Chevron was said to have invited non-binding bids from potential buyers of its 50% stake in a refinery in Singapore as part of a push to streamline global assets and reduce costs. Chevron has hired Morgan Stanley to explore the sale of its 50% stake in Singapore Refining Company (SRC), as…
