Eneos Leads Bids for Chevron’s Singapore Oil Refinery Stake

Japan’s Eneos Holdings Inc. is ahead of rival bidders for US heavyweight Chevron Corp.’s stake in a Singapore oil refinery, according to people familiar with the matter.

Other suitors for the 50% stake in Singapore Refining Company include commodity giants Glencore Plc. and Vitol Group, the people said, asking not to be identified as they are not allowed to discuss the process. The deal is expected to be nearing a conclusion, they added, though the process could still see delays and is not yet certain.