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Chevron seeks diversified approach to refinery investments

Chevron is looking to have a balanced portfolio of refineries, Brant Fish, the U.S. major's president, international products, said at the APPEC event in Singapore.

"There'll be places like Korea where we go investment heavy in petrochemicals and in heavy oil upgrading," Fish said of the firm's existing investments.

"And then there'll be refineries like here in Singapore, where we've chosen to not make those big investments and actually get a better return through most parts of the cycle on capital employed," he said.

 

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