Shell Offloads Indonesian Gas Stations to Joint Venture

Published 3 hours agoSHEL

The transfer encompasses around 200 gas stations as well as a terminal in Gresik, while Shell retains control over its lubricant business. This decision reflects a strategic shift, as Shell aims to streamline its operations and focus more on low-carbon energy solutions.

Sefas Group, one of the acquiring parties, has been a prominent figure in the Indonesian market since its establishment in 1997. It is notably responsible for distributing Shell lubricants across the country, with a robust network serving over 6,000 customers from 21 locations.

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