Bangchak to acquire Chevron Hong Kong.

Bangchak, a petroleum and energy conglomerate in Thailand, agreed to acquire Chevron Hong Kong, the Hong Kong-based unit of Chevron, an American multinational energy corporation predominantly specializing in oil and gas. Financial terms were not disclosed. The transaction marks an important milestone in expanding Thailand’s energy business into overseas markets and in preparing market readiness for the domestic refining business, particularly the long-term management and optimization of refining capacity across the Bangchak Group.