Denies Leaving RI, Shell Makes Sure Gas Stations Continue To Operate Despite Transferring Ownership

JAKARTA - Shell Indonesia has denied that the issue of releasing ownership of the gas station business is the impact of the recent issue of limited fuel stock (BBM).

Vice President of Corporate Relations, Shell Indonesia, Susi Hutapea said, the process of transferring Shell's gas station ownership to the Citadel-Sefas consortium is still going according to plan.

"There is no impact on the process of transferring Shell gas station business ownership in Indonesia. All parties remain committed to the agreement," said Susi in a statement to the media, quoted Monday, September 29.

Previously, last May Sell announced that PT Shell Indonesia, a subsidiary wholly owned by Shell Plc (Shell), had approved the transfer of ownership of the Public Fuel Filling Station (SPBU) business in Indonesia. The buyer will become a new joint venture between Citadel Pacific Limited and the Sefas Group.

Susi emphasized that her party will continue to coordinate with the relevant government and anticipate positive results in the process of transferring ownership of the Shell gas station business in Indonesia.

"The transfer of ownership of the Shell gas station business in Indonesia is subject to acceptance of regulatory approval and is expected to be completed in 2026," said Susi.

He added, later after completion, the Shell brand will remain in Indonesia through a brand license agreement, fuel products will be supplied through Shell and customers will continue to have access to use high-quality fuel products.

For information, Citadel Pacific, the new manager of the Shell gas station, is a company with diversified portfolios in Asia Pacific, including the license holders of the Shell brand in Guam, Saipan, Republic of Palau, Macau, and Hong Kong. Meanwhile, his local partner, Sepas Group, is known as the largest Shell lubricant distributor in Indonesia.