U.S. oil refiner, Valero Energy is seeking to acquire Chevron’s U.K. refinery, The Wall Street Journal reports. The Texas-based company has offered around $2 billion for the Pembroke refinery, adds Bloomberg. California-based Chevron, which has been seeking a buyer for its European refinery for almost a year, is selling assets to cut debt and redeploy spending to oil exploration. The company is seeking to complete the deal by the end of this month.
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