Saudi Aramco in Talks to Buy Shell Gas Stations in Malaysia
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Four unnamed sources have told Reuters that Saudi state-run oil giant Aramco is in talks to potentially acquire Shell’s billion-dollar gas station business in Malaysia, where the Dutch supergiant owns a network of nearly 1,000 fuel stations. Neither Shell nor Aramco would comment on the rumor of the talks for Reuters; however, one source told the news agency that talks began late last year and could be finalized in a matter of months. A second source told Reuters that the deal could be worth over $1 billion. While Shell…
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