(EnergyAsia, May 20, Wednesday) — Malaysia’s Shell Refining Company Berhad said its first quarter net profit fell 8.1% year-on-year to RM113 million as a result of declining refining margins. (US$1=RM3.5). Dragged down by lower oil prices and reduced refinery output, revenue almost halved to RM1.8 billion. The 51%-owned subsidiary of the Anglo Dutch major reported…

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