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Asian Viewpoints

Shell to sell 950 petrol stations in Malaysia

Shell is moving to sell its petrol station business in Malaysia. Malaysia's major local media reported the story from market sources. Saudi Arabia's state-owned Saudi Aramco is seen as a likely negotiating partner. Shell and Aramco are expected to make concrete progress in the negotiations as early as this year. The sale price may be around US$1 billion, according to sources.


Shell has 950 petrol stations in Malaysia, the second largest number after state-owned Petronas. Shell recently sold its oil refining and petrochemical complex in Singapore and is in the process of optimizing its operations. CAPGC, a joint venture between Indonesian petrochemical firm Chandra Asri and Glencore, acquired the Singapore complex.

Singapore : Energy Desk  Satoshi Hagimoto   +81-3-3552-2411Copyright © RIM Intelligence Co. ALL RIGHTS RESERVED.