In the world of business, Shell is in talks with Saudi Aramco to potentially sell its gas stations in Malaysia. If finalized, this deal could be worth close to $1 billion, according to sources familiar with the energy sector.
Shell has not commented on the discussions 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 the state-owned 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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