Shell Petroleum Company Limited, a division of Shell plc, has recently reached a deal with Wafi Energy LLC to transfer its 77.42% controlling ownership to Shell Pakistan Limited (SPL). This choice is in line with Shell’s plan to improve its mobility network, which was first revealed during Capital Markets Day in June 2023.
After receiving all necessary regulatory permissions, the deal is expected to close in the fourth quarter of 2024. Remarkably, trademark licensing agreements will allow Pakistani consumers to continue accessing the Shell brand even after the purchase. Shell’s high-quality fuel and lubricant products are still available to customers in Pakistan.
SPL continues to uphold its steadfast dedication to guaranteeing dependable and safe operations.
