Shell Malaysia Strengthens Leading Position In Downstream Business With Newly Expanded Westport Terminal
Apr 11, 2013
Shell Malaysia marked the completion of its Phase Three Westport Terminal expansion with additional three new storage tanks and 1.4 km cargo pipelines to cater to the growing need for fuel and growth in the Klang Valley.
Officiating the event was YBhg. Datuk Seri Long See Wool, the Secretary General of the Ministry of Transport. Also in attendance were Iain Lo; Chairman of Shell Malaysia, Azman Ismail; Managing Director of Shell Malaysia Trading Sdn Bhd, Shell Malaysia employees, government officials and other guests.
Azman Ismail, Managing Director of Shell Malaysia Trading Sdn Bhd said, “The expansion project demonstrated Shell’s ongoing confidence in the country where our history spans over 120 years. We envision Malaysia as a key country for Shell Downstream and we will invest in this country to strengthen our number one position here”
The terminal expansion enables Shell to meet the rapidly growing demand of petroleum products in the Klang Valley while helping to ease the congestion at its existing terminal in Port Dickson & Klang Valley Distribution Terminal (KVDT), all part and parcel of our smarter mobility** through smarter infrastructure concept to drive efficiency.
Iain Lo, Chairman of Shell Malaysia added, “Malaysia is one of Shell’s heartlands. Our continued investment here today for our Downstream Business reflects Shell’s recognition of Malaysia as an attractive long-term investment destination not just in the Upstream sector but also in the Downstream business.”
He went on to say “Our commitment to Malaysia as a heartland and our successes would not have been possible without the dedication and hard work of our staff, and support and partnerships of various Government agencies that we work with”.
Congratulating Shell Malaysia on the project’s completion, the Secretary General of the Ministry of Transport; Datuk Seri Long See Wool said, “The Malaysian Government is always pleased with foreign investors like Shell who has the confidence to continue with large capital investments in Malaysia. I am delighted to see the realisation of the project and even more pleased to be part of this inauguration event. “
Datuk Seri went on to say that “Shell Malaysia and the Ministry of Transport Malaysia have had a long history of collaboration particularly in the form of road safety campaign through the annual Shell Traffic Games*”.
In the retail market where Shell is the market leader, Shell Malaysia currently caters to one third of the Peninsular Malaysia and half of the East Malaysia’s petroleum retail market requirements, serving over half a million customers daily at over 900 retail sites nationwide.
The terminal spans 25 acres and includes access to Westport’s jetties that is medium range/long range vessel capable; cargo lines; fuel storage tanks and gantry facilities. Since commencing operations May 2011, there has not been a single safety incident at Shell’s Westport terminal.
Norhayati Sulaiman-Adzhar, Media Relations
N.Sulaiman@shell.com Tel : +603 2091 3795
Note to Editor :
Shell is the world leading Energy Company whose Downstream [oil products] business has pioneered numerous advances in fuels and lubricants technology and offers motorists one of the widest choices of petroleum products and services. Shell is the world’s largest fuels retail business with over 46,000 retail stations in more than 90 countries and Malaysia is a key growth market. Shell is the official sponsor and technical partner of the Ferrari Formula One team and the Ducati World MotoGP team.
About Shell Malaysia Trading Sdn Bhd
Shell Malaysia Trading Sdn Bhd is part of the Shell global group of energy and petrochemicals companies with around 93,000 employees in more than 90 countries and territories. In Malaysia, Shell’s downstream sector refines and markets crude oil, lubricants and other petroleum products, and has over 900 stations nationwide. It also operates a refinery at Port Dickson, Negeri Sembilan. Shell produces and sells more than 600 different lubricants for the automotive sector, heavy-duty transport, food processing and power generation, and is the market leader for lubricants in Sabah and Sarawak.
About Shell Westport Terminal Expansion
As Shell needed to supplement its import logistics infrastructure for the Central Region of Peninsula Malaysia to serve the capital region of Kuala Lumpur; Shell Malaysia Trading Sdn Bhd signed a 14-year sub-lease agreement with Westport Malaysia Sdn Bhd in Port Klang in July 2010. Refurbishment work to the terminal that is used for storing, supplying and distributing of petroleum products, dubbed as Phase Two, started in November 2010 involved upgrading of Storage tanks and Gantry Facilities. This was later followed by Phase Three expansion work which involved the construction of New Cargo Pipelines fitted with Marine Loading Arms, new storage tanks and additional gantry Bay with associate facilities. The Phase Three commenced in November 2011and was completed by end September 2012.
About the Shell Traffic Games*
Every year from March to November, some 40,000 Malaysian schoolchildren and over 2,000 teachers, traffic police officers and competition sponsors and organising officials participate in this extensive road safety competition. Launched in 1957, the Shell Traffic Games is held annually in partnership with Road Safety Council and various government agencies. Today, more than a million young Malaysian road users have taken part in the games since its inception. The annual Shell Traffic Games are staged at permanent traffic gardens or litar lalulintas specially designed to simulate a complete, miniature road system or traffic situation. It kicks-off from state-to-state and involves the participation of students from various district primary and secondary schools. The finale of the Shell Traffic Games is then at the national-level where top scorers compete for the national championship and honours. This year Shell Malaysia will be celebrating 56 years of the game.
About Smarter Mobility**
Shell recognises that the growing global population and rising prosperity are increasing pressures on mobility or the movement of goods and people. It foresees the number of cars to triple worldwide by 2050, with aviation and shipping growing strongly at the same time. Thus, the company is constantly finding innovative ways to move more people and goods safely, cost-effectively and with reduced impact on the environment. Examples of smarter mobility are innovative, efficient and sustainable fuels, an infrastructure network for smarter mobility transport, efficient driving practices and eco-friendly vehicles.
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.
This announcement contains forward looking statements concerning the financial condition, results of operations and businesses of Shell and the Shell Group. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell and the Shell Group to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward looking statements are identified by their use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "goals", "intend", "may", "objectives", "outlook", "plan", "probably", "project", "risks", "seek", "should", "target", "will" and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and the Shell Group and could cause those results to differ materially from those expressed in the forward looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward looking statements. Additional factors that may affect future results are contained in Shell's 20-F for the year ended 31 December 2012 (available at www.shell.com/investor and www.sec.gov). These factors also should be considered by the reader. Each forward looking statement speaks only as of the date of this announcement, 11 April 2013. Neither Shell nor any of its subsidiaries nor the Shell Group undertake any obligation to publicly update or revise any forward looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward looking statements contained in this announcement.
Shell may have used certain terms, such as resources, in this announcement that the SEC strictly prohibits Shell from including in its filings with the SEC. U.S. investors are urged to consider closely the disclosure in Shell's Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.