Indonesian Billionaire’s Chandra Asri Acquires ExxonMobil’s Singapore Fuel Station Network
Indonesian energy giant Chandra Asri Pacific is expanding its Southeast Asian footprint through the acquisition of ExxonMobil’s Esso-branded fuel stations in Singapore. The deal represents a strategic move to create an integrated energy platform in the region. Completion is expected by end-2025 pending regulatory approvals.
Major Expansion in Singapore’s Fuel Retail Market
Indonesian energy conglomerate Chandra Asri Pacific, controlled by billionaire Prajogo Pangestu, has agreed to acquire ExxonMobil’s Esso-branded fuel service stations in Singapore, according to company statements. This strategic move significantly expands the company’s presence in the city-state where it already operates substantial refining and petrochemical infrastructure.