Japanese oil refiner Eneos has emerged as the front-runner in the bidding process for Chevron’s stake in its Singapore refinery. The stake is valued at around $300 million and Eneos is competing against other major Asian oil companies for the acquisition. This move is part of Chevron’s strategy to divest non-core assets.

Read more at Investing.com: Eneos leads bidders for Chevron’s Singapore refinery stake – report