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Japanese oil giant ENEOS to acquire Caltex Philippines

Japanese energy company ENEOS Holdings has signed an agreement to acquire Chevron’s downstream fuel and lubricants operations across several Asia-Pacific markets, including Chevron Philippines Inc., which operates the Caltex brand locally. The transaction forms part of a larger US$2.17 billion deal covering Chevron’s businesses in Singapore, Malaysia, Australia, Vietnam, and Indonesia. ENEOS expects the acquisition…

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