Indonesian energy distributor Sefas Group has agreed to acquire 100% of Shell’s fuel retail business in Indonesia, taking full control of the oil major’s service-station network.
The transaction is expected to close this year, subject to regulatory approvals and other customary conditions, according to its press release.
The stations will continue operating under the Shell brand through a licensing arrangement, while Shell will continue supplying fuel to the network.
The deal changes the ownership structure Shell announced in May 2025, when it agreed to transfer its Indonesian mobility business to a new joint venture between Sefas and Philippines-based Citadel Pacific Limited.
The 2025 transaction covered around 200 Shell-branded sites, including more than 160 stations directly owned by Shell, as well as a fuel terminal in Gresik, East Java. Shell said at the time that the transfer was subject to completion.
Under the latest agreement, Sefas will acquire the entire fuel retail business rather than holding it alongside Citadel Pacific.
Sefas is a long-standing Shell partner in Indonesia. Founded in 1997, the group began as an authorised distributor of Shell lubricants through PT Sefas Pelindotama and has since expanded into lubricant distribution, commercial fuels, and related services.
The company serves more than 6,000 customers through 21 locations, according to its website, with customers across industries including mining, agriculture, construction, fleet, and manufacturing.
Sefas’ relationship with Shell was also central to the 2025 transaction. At the time, Shell described Sefas as a longstanding local partner, while Sefas was identified as a major Shell lubricants distributor in Indonesia.
The acquisition will expand Sefas’ role from distributing Shell products to controlling its fuel retail network in Indonesia.
Shell’s lubricants business is not part of the fuel retail transaction. When the original sale was announced in 2025, Shell said the transfer covered its service-station business but excluded its lubricants operations.
The latest deal also does not amount to a full exit by Shell from Indonesia. The Shell brand will remain at the stations under the licensing arrangement, while fuel will continue to be supplied through Shell.
The change comes as Shell continues to reshape its global mobility portfolio. In its 2025 annual report, Shell said it was focusing its capital on markets that provide higher returns and had agreed to transfer its Indonesia mobility business, including about 200 sites, to the Citadel-Sefas joint venture.
