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Shell to Sell Malaysian Refinery?

Screen Shot 2015-01-06 at 21.26.38From a Reuters article published Friday 9 Jan 2015 under the headline:

“Malaysia’s Shell Refining explores options in face of weak margins”

Jan 9 (Reuters) – Malaysia’s Shell Refining Company will explore options including the sale of its Port Dickson refinery or the conversion of operations to a storage terminal in the face of the poor outlook for refining margins, it said on Friday.

“The Board has concluded that refining margins are expected to remain depressed due to overcapacity in the global refining industry”…

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1 Comment on “Shell to Sell Malaysian Refinery?”

  1. #1 Daniel Leong
    on Jan 10th, 2015 at 05:43

    It makes a s lot of sense to turn it into a terminal. Products can come from Bukom into Malaysia and retail operations will not be affected.

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