Shell Indonesia to Transfer Gas Station Business to Citadel and Sefas JV

OIL AND GAS - JAKARTA. Shell Indonesia has agreed to sell ownership of its gas station business to a joint venture between Citadel Pacific Limited and Sefas Group, but will keep its lubricant business, the company said on Friday.

Shell said the deal, which includes around 200 gas stations in Indonesia and a fuel storage terminal in the city of Gresik, is expected to be completed by next year and is part of a strategy to transform its portfolio.

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