There are no victims or deceased mentioned in the given article. : Shell Shortlists CNOOC, Vitol, and Others for Sale of Singapore Refinery Assets

Death – Obituary – Accident and Crime News : Shell has reportedly shortlisted four companies, including China National Offshore Oil Corp (CNOOC) and energy trader Vitol, as potential bidders for its Singapore refinery assets. Two privately controlled Chinese chemical producers, Eversun Holdings and Befar Group, were also shortlisted. The companies have been asked to submit formal bids by the end of February, with Shell aiming to close a transaction by the end of 2024. The assets in question include a 237,000 barrels per day (bpd) refinery and a one million metric ton per year (tpy) ethylene plant on Singapore’s Bukom island. Shell announced a review of the assets in June, with Goldman Sachs reportedly hired to manage a potential sale. The value of the assets has not been disclosed. A Shell spokesperson said that divestment is now the company’s priority focus. It was not clear how much Shell is seeking for the assets. A buyer of the assets would gain a foothold in Asia’s main oil trading hub but would also face competition from newer refineries in China and elsewhere. The buyer would also have to contend with an expected sharp rise in Singapore’s carbon tax in 2024. CNOOC, which has a long-term partnership with Shell in a petrochemicals venture in south China, has been looking to boost its downstream portfolio and expand its global oil and chemicals trading, according to an insider. Vitol, on the other hand, may be attracted to the site as an oil storage and distribution hub. The other two shortlisted companies lack experience investing outside China.

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