Oil company Shell aims to sell SA assets for up to R18 billion

  • 📰 CapeTownEtc
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Saudi Aramco, Abu Dhabi National Oil and Trafigura are among the companies competing to acquire Shell's service stations in South Africa, Cape {town} Etc reports. In addition, the assets have also attracted the attention of South Africa's Central Energy Fund, which owns PetroSA, as well as Sasol and Oman's OQ Trading.

Saudi Aramco, Abu Dhabi National Oil and Trafigura are among the companies competing to acquire Shell’s service stations in South Africa,

The divestment includes trading and fuel supply businesses, with the company having a network of 600 service stations across the country, according to Last year, Trafigura and Sasol were involved in a contest for a ‘controlling stake’ in Engen, South Africa’s largest gas station chain.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in BUSİNESS

Business Business Latest News, Business Business Headlines