Shell Refining Co. (F.O.M.) Bhd. (4324.KU) said Wednesday that it has signed a deal to obtain a $240.0 million loan from Bank of Tokyo-Mitsubishi UFJ Ltd.

The loan will be used to upgrade its Port Dickson oil refinery in the west coast state of Negeri Sembilan and to "improve on the company's capital structure," Shell Refining said in a stock exchange filing, without providing further details.