PT Shell Indonesia, a wholly owned subsidiary of Shell plc, has agreed to transfer ownership of its fuel retail business in Indonesia to a newly formed joint venture between Citadel Pacific Limited and Sefas Group. This strategic move is part of Shell’s global portfolio transformation efforts.
The transaction encompasses approximately 200 gas stations across Indonesia, including a fuel storage terminal in Gresik, East Java. The deal is expected to be finalized by the end of 2026. Despite the change in ownership, the Shell brand will continue to operate in Indonesia under a licensing agreement, ensuring that customers will still have access to Shell’s high-quality fuel products.
Citadel Pacific Limited, based in the Philippines, is a diversified holding company with interests in aviation services, telecommunications, gas distribution, and fuel marketing. It currently holds Shell brand licenses in territories such as Guam, Saipan, the Republic of Palau, Macau, and Hong Kong. Sefas Group is Shell’s largest lubricants distributor in Indonesia, with a significant presence in regions like Balikpapan and East Kalimantan.
Importantly, this transaction does not include Shell’s lubricants business in Indonesia. Shell continues to view Indonesia as a key growth market for its lubricants division. The company owns and operates a lubricants oil blending plant with an annual capacity of up to 300 million liters and is constructing a grease manufacturing plant in Marunda, North Jakarta, with a projected capacity of 12,000 tonnes per year.
This strategic divestment aligns with Shell’s broader objective to streamline its operations and focus on areas with the highest growth potential, ensuring long-term sustainability and value creation.