is in talks with Saudi Arabia’s state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry sources aware of the discussions said, and a deal could be worth up to $1-billion.
London-based . In addition to its fuel stations, Shell sells industrial lubricants, produces crude oil and natural gas offshore of Sarawak and Sabah states, and is a joint venture partner in two liquefied natural gas ventures. Shell’s effort to sell its Malaysia fuel stations is consistent with its move to sell its refinery on Bukom Island in Singapore, which supplies the network, one of the sources said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aramco in Talks to Buy 10% Stake in Hengli Petrochemical(Bloomberg) -- Aramco is in talks to acquire a 10% stake in Chinese petrochemical company Hengli Petrochemical, according to a statement Monday.Most Read...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Shell, TotalEnergies in Talks for Stakes in New Adnoc LNG Plant(Bloomberg) -- Shell Plc and TotalEnergies SE are among several global energy companies in talks to buy stakes in Abu Dhabi National Oil Co.’s next liquefied...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Shell, TotalEnergies in Talks for Stakes in New Adnoc LNG PlantShell Plc and TotalEnergies SE are among several global energy companies in talks to buy stakes in Abu Dhabi National Oil Co.’s next liquefied natural gas export project in the United Arab Emirates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
NYC Pushes BlackRock Investors to Vote Against Aramco ExecutiveNew York City Comptroller Brad Lander is pressing BlackRock Inc. shareholders to vote against the election of Saudi Aramco Chief Executive Officer Amin Nasser as an independent member of the company’s board.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
New York City pension leader opposes election of Aramco's chief as BlackRock directorExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Glencore-Backed Group Said Near Deal for Shell Singapore AssetsA consortium including Indonesia’s PT Chandra Asri Pacific and Glencore Plc is in advanced talks to buy Shell Plc assets in Singapore in a deal that could be worth about $1 billion, people with knowledge of the matter said.
Source: BNNBloomberg - 🏆 83. / 50 Read more »