Shell is set to completely divest from Pakistan to “simplify its portfolio,” the multi-energy company announced on their website.
Shell Pakistan has been in the country for 75 years and has a strong lubricants business and a substantial retail footprint, which includes over 700 sites. The company is seeing strong interest from international buyers.
The announcement also said “any sale will be subject to a targeted sales process, the execution of binding documentation and the receipt of applicable regulatory approvals. Shell is seeing strong interest from international buyers.”
