Jakarta. Shell has completed the transfer of its fuel retail business in Indonesia to SEFAS Group, handing over a network of approximately 200 service stations while retaining the Shell brand under a licensing agreement, the company announced Friday.

The transaction covers Shell's fuel retail operations, related supply and distribution activities, and a fuel terminal in Gresik, East Java.

"Shell has completed the transfer of ownership of its fuel retail business in Indonesia to SEFAS Group," the company said in a statement reported by state news agency Antara.

Following the transaction, the service station business will operate under PT Isla Energy Indonesia, which is now owned by SEFAS Group.

Shell said the acquisition would not affect the branding of its fuel stations, with the Shell name remaining in use across the network under a trademark licensing agreement.

"Under the brand licensing agreement, the Shell brand will continue to be used throughout PT Isla Energy Indonesia's service station network, and consumers will continue to have access to Shell-branded fuel products," the company said.

Indonesia currently has approximately 200 Shell-branded service stations, more than 160 of which are company-owned, according to the statement.

The transfer marks a change in ownership of Shell's Indonesian fuel retail operations rather than a complete withdrawal of the Shell brand from the market.

Lubricants Business Excluded from Sale
Shell emphasized that its lubricants business in Indonesia is not part of the transaction.

The company continues to operate lubricant manufacturing facilities in the country, including a lubricants oil blending plant in Marunda, Bekasi, with an annual production capacity of 300 million liters.

In September 2026, Shell also began production at a grease manufacturing facility with an annual capacity of up to 12,000 metric tons.

The grease plant complements Shell's existing lubricant blending operations and reflects its continued presence in Indonesia's lubricant manufacturing sector.

SEFAS Group agreed in August 2026 to acquire the entire Shell fuel retail business in Indonesia, subject to regulatory approvals and customary closing conditions.

Shell Indonesia President Director Andri Pratiwa previously described SEFAS as a longstanding business partner with extensive knowledge of the Indonesian market.

He said the group understood local customer requirements and had an established network capable of supporting the business's next phase of growth.

The companies did not disclose the financial value of the transaction in the information provided.

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