Exclusive: Sources Reveal Glencore’s Chandra Singapore Refinery to Allocate 20% of Production to Shell

Glencore and Chandra Asri are preparing to finalize their acquisition of Shell’s prominent Singapore refinery, a significant move in the energy sector that involves the creation of a new operating company. This joint venture, known as CAPGC, is predominantly owned by Chandra Asri, an Indonesia-based petrochemicals firm. Reports indicate that approximately 20% of the refinery’s...