SINGAPORE, Sept 8 (Reuters) - Chevron ( CVX ) is looking

to have a balanced portfolio of refineries, Brant Fish, the U.S.

major's president, international products, said at the APPEC

event in Singapore.

"There'll be places like Korea where we go investment heavy

in petrochemicals and in heavy oil upgrading," Fish said of the

firm's existing investments.

"And then there'll be refineries like here in Singapore,

where we've chosen to not make those big investments and

actually get a better return through most parts of the cycle on

capital growth," he said.

Reuters reported in June that Chevron ( CVX ) had sought non-binding

bids for the sale of its 50% stake in Singapore Refining Company

(SRC).