Royal Dutch Shell said it took in more than $60 million for the sale of a majority of its holdings in a Malaysian refining company to a national company there. Shell said the sale of a 51 percent holding in the Shell Refining Company in Malaysia to Malaysian Hengyuan International was consistent with its strategy to streamline its downstream, or refining, footprint. “Malaysia continues to be an important country for Shell,” the company said in a statement. “Shell is the leading retail fuels and lubricants provider and continues to invest in growing these businesses in the country.” A spokesperson for Shell said the company was positioning itself for a sustained downturn by cutting capital investments. The company […]