Shell announces completion of Diesel processing unit

Iain Lo, Chairman of Shell Malaysia who is also the Chairman of Shell Refining Company, hosted the ceremony which was officiated by Mr Mohd Ridzal Sheriff; Deputy Secretary General (Trade), Ministry of International Trade and Industry. Joining the ceremony were: Ben van Beurden, Downstream Director, Royal Dutch Shell plc; Rozano Saad, Managing Director of Shell Refining Company; Azman Ismail; Managing Director of Shell Malaysia Trading Sdn Bhd and about 300 other guests.

Mr Lo said: “Shell is heading towards greater cost competitiveness through this project. With a flawless start-up of the diesel processing unit, Shell can start to capitalise on the advantage of refining more sour crudes, which offer better margin performance.”

The diesel processing unit is one of Shell Malaysia’s three Entry Point Projects (EPP), which were announced by Yang Amat Berhormat Datuk Seri Najib Tun Razak, the Prime Minister, in January 2011 as part of the country’s Economic Transformation Programme.

The other two EPP Projects are the expansion of the Shell Middle Distillate Synthesis (Shell MDS) wax plant in Bintulu, and the Gumusut Kakap deep-water development offshore Sabah. These three projects have created approximately 1,650 jobs for local contractors during the construction phase.

Mr van Beurden said the three EEP projects demonstrate Shell’s ongoing commitment to the country. He said: “After 120 years of operations in Malaysia, the country remains an important heartland for Shell and is vital to our future growth in the Asia-Pacific region. Each year, Shell invests an average of around $1 billion in Malaysia.”

“Our continued investment also supports the Malaysian Government’s Economic Transformation Programme to generate higher income, create more value-added economic activities and strengthen human capital development in the country.”

The diesel processing unit was successfully commissioned with no lost time injuries and achieved its first commercial production in the first quarter of 2013.

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Note to Editors:

Shell Refining Company (Federation of Malaya) Berhad was formed in 1960 as a public listed company. It currently has 49% public participation and 51% held by Shell Overseas Holding Limited. The Company is the key petroleum products supplier to Shell Downstream businesses in Malaysia. The oil refinery at Port Dickson has a licensed production capacity of 156,000 barrels per day and produces a comprehensive range of petroleum products, some 90% of which are consumed within Malaysia.

Definitions & Cautionary Note:

Resources: Our use of the term “resources” in this announcement includes quantities of oil and gas not yet classified as Securities and Exchange Commission of the United States ("SEC") proved oil and gas reserves or SEC proven mining reserves. Resources are consistent with the Society of Petroleum Engineers 2P and 2C definitions.

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this announcement "Shell", "Shell Group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. "Subsidiaries", "Shell subsidiaries" and "Shell companies" as used in this announcement refer to companies in which Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which Shell has significant influence but not control are referred to as "associated companies" or "associates" and companies in which Shell has joint control are referred to as "jointly controlled entities". In this announcement, associates and jointly controlled entities are also referred to as "equity-accounted investments". The term "Shell interest" is used for convenience to indicate the direct and/or indirect (for example, through our 23 per cent shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

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