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 High Performance Robotics set for global expansion following senior hire in New York HPR ROV Digital and technology July 18 KCI Ltd delving into collaborations and partnerships KCI Ltd Energy July 18 BASF and Equinor confirm strategic partnership and sign ten-year natural gas supply agreement Equinor Energy July 18 Hello, this site will work much better if you enable your Javascript.