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 OEG expands US footprint through acquisition of Trinity Rental Services OEG Energy July 16 US energy firms shun exports despite 20% revenue surge, EIC says The Energy Industries Council (The EIC) Energy July 16 Trade group says managed transition 'essential' to retain supply chain and jobs Morning Bulletin Energy July 16 Hello, this site will work much better if you enable your Javascript.