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 AREG welcomes £1billion offshore wind investment announcement Aberdeen Renewable Energy Group (AREG) Energy June 18 DNV introduces new service specification SE-0696 to mitigate risks in CCUS projects with standardised independent technical assurance DNV Energy June 18 New history of power transmission in the north of Scotland published SSEN Transmission Energy June 17 Hello, this site will work much better if you enable your Javascript.