The post Billionaire Prajogo Pangestu’s Chandra Asri To Buy ExxonMobil’s Fuel Stations In Singapore appeared on BitcoinEthereumNews.com. An Esso fuel station in Singapore. Courtesy of ExxonMobil Chandra Asri Pacific—controlled by Indonesian tycoon Prajogo Pangestu—has agreed to buy ExxonMobil’s Esso-branded fuel service stations in Singapore, expanding its reach in the city-state where it owns and operates an oil refinery and petrochemical facilities. Under a share purchase agreement, a special purpose vehicle wholly-owned by a subsidiary Chandra Asri will acquire the assets, Chandra Asri said in a statement without disclosing financial details. The transaction is expected to be completed by end 2025, subject to regulatory approvals, it said. Esso has 60 petrol stations in the city-state, according to its website. The deal comes after Chandra Asri’s majority-owned joint venture with Glencore completed in April the purchase of Shell’s refinery and petrochemical assets in Singapore at a reported price tag of about $1 billion. “Our expansion into Singapore’s retail fuels ecosystem represents a strategic step in shaping an integrated platform for regional growth,” Erwin Ciputra, president and CEO Chandra Asri, said in the statement. “Singapore’s robust fuel retail network and business environment provide a compelling foundation for Chandra Asri to advance as a transformative energy, manufacturing and infrastructure solutions leader in Southeast Asia.” Jakarta-listed Chandra Asri and its Singapore-based unit Aster Chemicals and Energy together operate an integrated oil refinery and advanced downstream petrochemical manufacturing infrastructure in the city-state. Apart from its Singapore expansion, Chandra Asri is building a facility to manufacture caustic soda, a key ingredient used in making batteries for electric vehicles, outside the Indonesian capital. Chandra Asri is part of Barito Pacific, a timber company that Pangestu transformed into an energy and petrochemicals giant. Pangestu is Indonesia’s richest tycoon with a net worth of $44 billion based on Forbes’ real-time data. His interests include coal mining firm Petrindo Jaya Kreasi which went public in 2023. Source: https://www.forbes.com/sites/iansayson/2025/10/24/billionaire-prajogo-pangestus-chandra-asri-to-buy-exxonmobils-fuel-stations-in-singapore/The post Billionaire Prajogo Pangestu’s Chandra Asri To Buy ExxonMobil’s Fuel Stations In Singapore appeared on BitcoinEthereumNews.com. An Esso fuel station in Singapore. Courtesy of ExxonMobil Chandra Asri Pacific—controlled by Indonesian tycoon Prajogo Pangestu—has agreed to buy ExxonMobil’s Esso-branded fuel service stations in Singapore, expanding its reach in the city-state where it owns and operates an oil refinery and petrochemical facilities. Under a share purchase agreement, a special purpose vehicle wholly-owned by a subsidiary Chandra Asri will acquire the assets, Chandra Asri said in a statement without disclosing financial details. The transaction is expected to be completed by end 2025, subject to regulatory approvals, it said. Esso has 60 petrol stations in the city-state, according to its website. The deal comes after Chandra Asri’s majority-owned joint venture with Glencore completed in April the purchase of Shell’s refinery and petrochemical assets in Singapore at a reported price tag of about $1 billion. “Our expansion into Singapore’s retail fuels ecosystem represents a strategic step in shaping an integrated platform for regional growth,” Erwin Ciputra, president and CEO Chandra Asri, said in the statement. “Singapore’s robust fuel retail network and business environment provide a compelling foundation for Chandra Asri to advance as a transformative energy, manufacturing and infrastructure solutions leader in Southeast Asia.” Jakarta-listed Chandra Asri and its Singapore-based unit Aster Chemicals and Energy together operate an integrated oil refinery and advanced downstream petrochemical manufacturing infrastructure in the city-state. Apart from its Singapore expansion, Chandra Asri is building a facility to manufacture caustic soda, a key ingredient used in making batteries for electric vehicles, outside the Indonesian capital. Chandra Asri is part of Barito Pacific, a timber company that Pangestu transformed into an energy and petrochemicals giant. Pangestu is Indonesia’s richest tycoon with a net worth of $44 billion based on Forbes’ real-time data. His interests include coal mining firm Petrindo Jaya Kreasi which went public in 2023. Source: https://www.forbes.com/sites/iansayson/2025/10/24/billionaire-prajogo-pangestus-chandra-asri-to-buy-exxonmobils-fuel-stations-in-singapore/