'Chevron Plans To Finalise Singapore Oil Assets Sale In Q1, Sources Say' - Reuters Exclusive

• Singapore assets include refinery, Penjuru terminal and retail stations
• Deal may include retail stations in Cambodia and Malaysia
• Assets valued at $1 billion or more, sources say
• ENEOS and Glencore in final round of talks, sources say

Chevron plans to close a deal to sell its oil refining and distribution assets in Singapore in the first quarter of the year as it engages in a final round of talks with Japanese refiner Eneos and Glencore, four sources with knowledge of the matter said.

The assets for sale include Chevron's stake in a refinery, a terminal and retail stations in Singapore, the sources said. Chevron is also looking to include retail stations in Cambodia and Malaysia in the deal, one of the sources said.