BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Shell completes sale of fuel oil-producing refinery in Malaysia

Port Dickson refinery sold to subsidiary of China's Shandong Hengyuan Petrochemical Co. Ltd.



Image credit:


Updated on 22 Dec 2016 12:11 GMT

Shell has completed the sale of its 51 percent 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), a subsidiary of China's Shandong Hengyuan Petrochemical Co. Ltd. (SHP), for $66.3 million.

The Port Dickson refinery consists of 11 crude oil tanks and 78 refined product tanks. The facility produces fuel oil, kerosene, diesel, petrol and liquefied petroleum gas (LPG).

Earlier this year, SHP said it intends to expand, rebuild and upgrade the Port Dickson refinery to bring the facility into compliance with regulatory requirements and optimize its product mix.

Shell said the divestment was consistent with its strategy to concentrate its global downstream operations in areas where it can be most competitive.

Other recent downstream divestments by Shell include the sale of downstream businesses in Australia and Italy; a number of retail sites in the UK; and the initial public offering of, and further drop downs to, Shell Midstream Partners L.P. Shell has also agreed the sale of its marketing business in Denmark and Norway, its LPG businesses in France and a 31.2 percent shareholding in Showa Shell Sekiyu KK.






Related Links:

Shell to sell stake in Shell Refining Company, Malaysia
Idemitsu Kosan acquires stake in Showa Shell
Shell expands lubricants network to over 700 ports
Shell agrees to sell downstream assets in Norway
Shell sells Australian downstream assets
Port Dickson
Malaysia

Latest News:

Verifavia signs up Wallem and Seaborn
The lowdown on bunker spill paperwork required in Singapore
MEPC 73: HFO ban events scheduled
Oil and fuel oil hedging market update
Brent climbs above $80 as supply concerns take centre stage
MEPC 73: IMO must renew commitment to Arctic HFO ban | CAA
IMO launches toolkits to tackle ship and port emissions
Bunker-saving JIT study presented at IMO HQ
Working group to finalize Initial Strategy programme for MEPC 73
Oil and fuel oil hedging market update
Bunker issues pack MEPC 73 agenda
Volatility around $80




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events