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Meanwhile, negotiations between Shell and Saudi Aramco have been ongoing for several months with an expected deal to be reached soon. If finalized, the sale of Shell’s gas stations in Malaysia could be valued at close to $1 billion according to sources familiar with the energy sector.
Shell has emphasized the importance of the Malaysian market for its business and has not commented on any specific details regarding these talks. Saudi Aramco has also remained mum on the matter. As the second-largest network in Malaysia after state-owned Petronas, Shell currently owns approximately 950 gas stations in the country.
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