Shell has completed the sale of its 51% shareholding in the Shell Refining Company (Federation of Malaya) Berhad (SRC) in Malaysia, which includes the 125,000 barrel per day refinery in Port Dickson, to Malaysia Hengyuan International Limited (MHIL) for $66.3million. Shell is the leading retail fuels and lubricants provider in Malaysia, which remains an important market for the company. Shell will maintain supply to its retail and commercial customers, and will honour all current commercial arrangements through existing comprehensive supply agreements in the country. This divestment is consistent with Shell’s strategy to concentrate its global downstream operations in areas where it can be most competitive. More like this… View all Labour MPs condemn North Sea drilling ban as ‘crazy and perverse’ Morning Bulletin Energy November 6 ETZ investment accelerates IKM Testing renewables transition IKM Testing UK Ltd Energy November 5 Unity strengthens Middle East presence through strategic UAE partnership Unity Well Integrity UK Ltd Energy November 5 Hello, this site will work much better if you enable your Javascript.