Shell inks deal to sell Malaysian refinery

Royal Dutch Shell PLC has entered into a conditional agreement to sell its majority interest in Shell Refining Co. (FOM) Bhd. (SRC), including the 125,000-b/d refinery in Port Dickson, Malaysia, to Malaysia Hengyuan International Ltd. (MHIL), a subsidiary of China’s Shandong Hengyuan Petrochemical Co. Ltd. (SHP), Shandong.

Source: News