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Hengyuan, Shell Ink Term Sheet To Extend Offtake Agreement For 10-year Tenure

KUALA LUMPUR, Sept 7 (Bernama) -- Hengyuan Refining Company Bhd (HRC) has entered into a binding term sheet with Shell Malaysia Trading Sdn Bhd (SMT) and Shell Timur Sdn Bhd (STSB) (collectively, Shell) for the renewal of the long-term product offtake agreement for a 10-year tenure.