May 19, 2024 6:13 pm
Shell in discussions with Saudi Aramco to sell Malaysian gas stations

Shell is currently in talks with Saudi Aramco, the state-owned company, to potentially sell its gas stations in Malaysia. If finalized, this deal could be valued at close to $1 billion, according to sources familiar with the energy sector.

Negotiations reportedly began in late 2023, and an agreement is expected to be reached in the near future. Sources estimate that the deal could be valued at around four to five billion ringgit ($844 million to $1.06 billion).

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