Shell to sell Singapore refinery, petchem assets to Indonesia's Chandra Asri and Glencore

Shell to sell Singapore refinery, petchem assets to Indonesia's Chandra Asri and Glencore

Shell branding is seen at a petrol station in west London, January 29, 2015. REUTERS/Toby Melville

Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia’s main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore.