Saudi Aramco in Talks to Buy Shell Gas Stations in Malaysia

Four unnamed sources have told Reuters that Saudi state-run oil giant Aramco is in talks to potentially acquire Shell ’s billion-dollar gas station business in Malaysia , where the Dutch supergiant owns a network of nearly 1,000 fuel stations. Neither Shell nor Aramco would comment on the rumor of the talks for Reuters; however, one source told the news agency that talks began late last year and could be finalized in a matter of months.

The alleged talks are taking place against the backdrop of Shell’s attempt to sell a refinery in Singapore that supplies the fuel stations it owns in Malaysia. If reports are true, talks are progressing against the backdrop of new offshore exploration deals handed to Shell in late January when seven new production-sharing contracts were awarded.

Source: News Formal (newsformal.com)

Malaysia Shell Gas Stations Downstream

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Oil Giant, Aramco, Wins 4-Year FIFA World Cup SponsorshipSaudi Aramco has sealed a sponsorship deal with FIFA, the International Federation of Association Football, through 2027
Source: OilandEnergy - 🏆 34. / 68 Read more »

Fifa: Saudi oil firm Aramco to sponsor men's & women's World CupsFifa has announced a partnership with Saudi Arabia's state-owned oil company, Aramco.
Source: BBCSport - 🏆 111. / 51 Read more »

Saudi Aramco Suspends Two Oil ContractorsSaudi Aramco has served notices of temporary suspension to two oilfield service contractors.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Saudi Aramco Eyes Stake in Chinese Petrochemical FirmSaudi Arabia's oil giant, in an effort to boost its downstream presence in China, is in discussions to buy a minority stake in a Chinese petrochemical company.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Saudi Aramco Seeks Investment Opportunities in New Energies AbroadThe world's largest oil producer is looking to invest in new energy sources and technologies beyond oil and gas, while still maintaining its commitment to the traditional energy sector.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Saudi Aramco Raises All Oil Prices for AsiaSaudi Arabia's oil giant has raised the official selling price of all grades of its exports to Asia, with Arab Light for delivery in June set to rise by $0.90.
Source: OilandEnergy - 🏆 34. / 68 Read more »