Shell plc: Difference between revisions

Revision as of 17:00, 6 March 2025

Revision as of 17:01, 6 March 2025

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After a period of reduced presence, Shell re-entered the Sri Lankan market in the mid-1990s. In 1996, Shell acquired a 51% stake in the [[Litro Gas|Colombo Gas Company]] for $37 million, marking its significant return to the country's energy sector. This acquisition led to the establishment of Shell Gas Lanka Limited, which managed the importation, storage, and distribution of liquefied petroleum gas (LPG) in Sri Lanka.<ref>{{Cite web |last=Reuters |date=November 3, 2010 |title=Sri Lanka buys back gas business from Shell for $63 mln |url=https://www.reuters.com/article/business/energy/sri-lanka-buys-back-gas-business-from-shell-for-63-mln-idUSSGE6A20DK/?utm_source=chatgpt.com |website=Reuters}}</ref>

In recent years, Shell has signaled its intent to re-establish a presence in Sri Lanka's fuel retailing market. In collaboration with RM Parks and Tristar, Shell announced plans to introduce Shell-branded fuel stations in the country, marking a significant return to the Sri Lankan energy landscape. On February 26, February 2025, Shell marked its return to Sri Lanka's fuel retail market by inaugurating its first Shell-branded fuel station in over six decades. This station is located at the B.S. Cooray Filling Station in Ambathale, Colombo District.<ref>{{Cite web |last=First |first=News |title=Shell Returns: First Fuel Station in Over Six Decades Opens in Sri Lanka |url=https://www.newsfirst.lk/2025/02/26/shell-returns-first-fuel-station-in-over-six-decades-opens-in-sri-lanka?utm_source=chatgpt.com |access-date=2025-03-06 |website=english.newsfirst.lk |language=en}}</ref>

===United Kingdom===