Sinopec’s Singapore Take‑over: Fuel, Washes, and the Shell Shuffle
First Stop: Yishun’s $42.5 Million Kiosk
Last February, Sinopec cleared a 1,689‑sq‑m plot on Yishun Avenue 1 for $42.5 million and earmarked it as its debut petrol kiosk. Picture this: a dripping‑clean car wash, a micro‑convenience store stocked with batteries, batteries, and snacks, all ready to open its doors this quarter.
Next on the Horizon: Bukit Timah
A second parcel on Bukit Timah Road, reportedly bought for another $45 million, is set to house the next Sinopec station. The site used to belong to Singapore Petroleum Co., the PetroChina‑owned cousin of a major player in the market.
Shell’s Possible Hand‑over
Back in 2004, Sinopec and Shell teamed up to launch 500 refueling stations across China—a partnership that’s still remembered in the ASEAN gas game. Now, whispers circulating on the street suggest Shell might sell or lease some of its Singapore kiosks to Sinopec.
Shell’s Decline and New Brand
- Shell’s network has contracted by more than 20 % over the last 15 years, going from a peak of over 220 stations to about 170 today.
- After ending its 11‑year partnership with 7‑Eleven, Shell has switched to its own “Shell Select” store brand.
- Despite the switch, some stations still look half‑finished—unlit signage and bare fluorescent bulbs alike.
An anonymous industry source told The Straits Times that these unfinished kiosks could become Sinopec’s new retail outposts.
Shell’s Quiet Response
A Shell spokesperson, staying out of the gossip, simply said the company would not comment on the rumours.
What This Means for the Singapore Fuel Scene
- If the sale goes through, Sinopec could cement a stronger market share with a mix of car washes and mini‑stores.
- Oil retailers may see a shift in branding and service quality, bringing a fresh face to everyday fueling.
Bottom line: Sinopec’s entry could be the next big splash in Singapore’s multi‑billion fuel retail market—one that’s as fresh as a clean car wash and as comforting as a snack in a convenience shop.
