Japan's Eneos to buy Chevron Southeast Asia fuel business for $2.17bn

Japanese energy company Eneos said on May 14 that it will buy U.S. oil company Chevron's fuel products business in several Southeast Asian countries and Australia for $2.17 billion. (Photos by Mao Kawano and Yuji Ohira)

TOKYO -- Eneos Holdings announced Thursday that it will buy U.S. oil major Chevron's petroleum product marketing businesses in Southeast Asia and Australia for $2.17 billion. The Japanese energy company will acquire fuel product operations in six countries, including Singapore, as it seeks to tap into fast-growing markets.