Jan 8 Reuters Shell on Monday flagged impairment charges of about 2.5 billion to 4.5 billion for the fourth quarter, mainly related to the Singapore refining and chemicals hub the oil major is looking to sell.

The assets include a 237,000 barrels per day bpd refinery and a one million metric ton per year tpy ethylene plant on Singapore39;s Bukom and Jurong islands, for which it had announced a strategic review last year.

Ahead of fourthquarter results on Feb. 1, the company also said gas trading would be significantly higher than the previous threemonth period, while upstream production would come in at 1,830 1,930 thousand barrels of oil equivalent per day.

Meanwhile, its chemicals products division is expected to post an adjusted earnings loss for the period, it added.

Reporting by Eva Mathews in Bengaluru; Editing by Savio D39;Souza and Varun H K

Source Reuters