PT Chandra Asri Pacific Tbk (PTCAY)

Exclusive-Glencore eyes Shell Singapore assets as CNOOC pulls out, sources say

Swiss miner and commodities trader Glencore is looking at buying Shell's oil refinery and petrochemical units in Singapore as the oil major seeks a buyer for the sites after earlier suitors dropped out, several industry and trading sources said. Glencore is working jointly with Indonesia's PT Chandra Asri Petrochemical to evaluate the assets, two of the sources said.