Shell to sell its downstream business in Pakistan

After working for 75 years in the country, Shell Petroleum Company Limited (SPCo) has announced its intention to sell its shareholding in Shell Pakistan Ltd (SPL).

To support its intention to high-grade and simplify its portfolio, Shell Petroleum Company Ltd (SPCo), a subsidiary of Shell plc, has initiated a sales process to sell its 77.42% shareholding in Shell Pakistan Ltd (SPL), including all of SPL’s downstream businesses and SPL’s 26% ownership of Pak-Arab Pipeline Company Ltd (PAPCO), said the company in an interaction with media.

Shell Pakistan has a strong and rich legacy with an efficient retail network strategically located over 600 sites, enjoys the highest brand share preference amongst peers, and is the number one lubricants supplier in Pakistan.

The overall business footprint in country includes the Mobility network of over 600 sites, operate approximately 10 fuel terminals and possess a single Lube Oil Blending Plant located in Keamari.