Shell’s Divestment Plan in Indonesia Amid Fuel Shortages at Private Stations

Key Summary:
- Shell to divest Indonesian fuel station business amid a strategic shift
- Citadel Pacific and Sefas have agreed to become the buyers
- The potential transaction is expected to close by year 2026
PT Shell Indonesia, a subsidiary of Shell plc, has announced to divest its Indonesia fuel station business (SPBU), which is expected to be completed next year. The buyer is a joint venture between Citadel Pacific Limited and Sefas Group.
What’s the headline? Shell Indonesia stated that the transfer of ownership includes the Shell fuel station network as well as its fuel supply and distribution activities in Indonesia.