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Yahoo! News: SINGAPORE PRESS: Shell, Exxon Mobil Mull New Investments

Tuesday May 2, 7:54 AM

SINGAPORE PRESS: Shell, Exxon Mobil Mull New Investments

SINGAPORE (Dow Jones)–Oil companies Shell and Exxon Mobil (XOM) are considering new investments in Singapore worth several billion dollars, according to Prime Minister Lee Hsien Loong, the Business Times reported Tuesday.

Shell is close to a final decision on building a new steam cracker in Bukom with a capacity of around one million tons, while ExxonMobil is in an “advanced study stage” for a second cracker on Jurong Island, Lee told an election rally, according to the report.

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