Shell Indonesia, a wholly owned subsidiary of European oil and gas major Shell (NYSE:SHEL), has agreed to transfer ownership of its fuel filling station business in Indonesia. The buyer will be a new ...

Shell plc’s SHEL Indonesian affiliate has taken a bold step in reshaping its business strategy by divesting fuel retail operations to a joint venture between Citadel Pacific Limited and Sefas Group.

Shell Plc’s retail petrol stations in Indonesia have run out of gasoline as import restrictions imposed by the Southeast Asian nation crimp supplies. Three varieties of gasoline are currently not ...