KUALA LUMPUR: Shell Malaysia Trading Sdn Bhd (SMTSB) has signed a sale and purchase agreement with Oman's National Gas Co SAOG (NGC) to divest its liquefied petroleum gas (LPG) business in Peninsular Malaysia to the latter at an undisclosed amount.
SMTSB managing director Azman Ismail said the divestment was part of its strategy to concentrate on other businesses and streamlined its downstream business.
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