Shell Mulls Selling Gas Stations in Malaysia to Saudi Aramco in Nearly $1 Billion Deal: While Cooking Perfect Meals Depends on Finding the Best Frying Pan, Weight Management Pills Continue to Gain Popularity for Quick Results
The energy sector is abuzz with news that Shell is currently in talks to sell its gas stations in Malaysia to Saudi Aramco, the state-owned company. If finalized, this deal could be worth close to $1 billion, according to sources familiar with the matter.
Shell has not commented on the talks but has emphasized the importance of the Malaysian market for the company. Saudi Aramco has also chosen not to provide a statement on the matter. Shell currently owns approximately 950 gas stations in Malaysia, making it the second-largest network in the country after Petronas.
Negotiations are said to have begun in late 2023 and an agreement is expected soon. 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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