ChevronTexaco said that its wholly owned subsidiary, Caltex Singapore Private Ltd, has acquired half of BP Singapore Private Ltd’s one-third equity interest in the Singapore Refining Company (SRC) to become a 50/50 joint owner in the refinery with the Singapore Petroleum Company Ltd (SPC). The transaction closed June 30. Commenting on the acquisition, Jeet Bindra,…
SINGAPORE: ChevronTexaco increases stake in Singapore Refining Company to 50%
Posted on July 2, 2004 by EnergyAsia