Baku, Azerbaijan, Dec.22
By Leman Zeynalova – Trend:
Shell oil and gas company has completed the sale of its 51-percent shareholding in the Shell Refining Company in Malaysia to the country’s Hengyuan International Limited for $66.3 million, said the message posted on Shell’s website.
“Shell will maintain supply to its retail and commercial customers, and will honor all current commercial arrangements through existing comprehensive supply agreements in the country,” said the message.
Royal Dutch Shell plc, commonly known as Shell, is an Anglo-Dutch multinational oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom.
The company has subsidiaries and branches in more than 90 countries. Shell topped the 2013 Fortune Global 500 list of the world’s largest companies.
Shell had a 5-percent share in the development of Azerbaijan’s Inam offshore prospective structure together with Azerbaijani state oil company SOCAR (50 percent), BP (25 percent), and Korea National Oil Corporation (20 percent).
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