AFX Asia (Focus): Shell Malaysia Trading to invest 150 mln rgt in new outlets, upgrade - report (ShellNews.net) 23 Feb 05

Feb 23, 2005

KUALA LUMPUR (AFX) - Shell Malaysia Trading Sdn Bhd will invest 150 mln rgt in 15 new retail stations and upgrade its existing 830 stations nationwide this year, the Sun reported, quoting Shell's managing director Mohzani Abdul Wahab.

Shell is the largest retail station operator with a 36 pct share of the retail petroleum market in Malaysia.

Shell, which posted a 9 pct growth in retail sales last year, was optimistic of a better performance in 2005, Mohzani said.

(1 usd = 3.8 rgt)