KUALA LUMPUR, Jan 9 (Reuters) - Malaysia's Shell RefiningCompany will explore options including the sale of itsPort Dickson refinery or the conversion of operations to astorage terminal in the face of the poor outlook for refiningmargins, it said on Friday.
"The Board has concluded that refining margins are expectedto remain depressed due to overcapacity in the global refiningindustry," it said in a filing to the Malaysian stock exchange,adding that it is exploring suitable long-term options.
Shares in Shell Refining, which counts Royal Dutch Shell as a major shareholder, closed up 3.1 percent at 4.98ringgit ($1) on Friday, outperforming the broader index's 0.3 percent gain.
For the full announcement, click http://bit.ly/1Iy2VTZ($1 = 3.5610 ringgit) (Reporting By Anuradha Raghu; Editing by David Goodman)