Exxon Mobil Considers Divesting $1 Billion Gas Station Network in Singapore

Exxon Mobil Corp. is reportedly exploring the possibility of selling its extensive network of gas stations in Singapore, a move that could generate upwards of $1 billion. This potential divestiture highlights the company's ongoing efforts to streamline its operations and enhance its focus on more lucrative markets amidst shifting energy dynamics and pressures for lower carbon emissions.

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Turkey's Zeren Group Seizes Opportunity with New Gas Station Amidst Oil Majors' Withdrawal

In a bold move signaling a potential shift in Turkey's energy landscape, Zeren Group, a Turkish conglomerate, is making significant strides in the petroleum industry by constructing a gas station. This initiative comes at a time when several major international oil companies are reevaluating their investments in the region, leading to a unique market vacuum that Zeren Group aims to exploit.

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