South Africa’s energy ministry signalled it may grant fewer oil exploration permits to Shell over the company’s plans to exit the nation’s fuel-supply business.
"They still want to stay upstream, so what we should be doing, we should be more reluctant to grant licenses and permits, at that level, to Shell," Mantashe said in an interview on Thursday on the sidelines of an election campaign event in Richards Bay. Shell has been considering quitting a significant part of South Africa’s fuel supply business since at least 2021, when together with BP it began evaluating the possible sale of their 180 000 barrel-a-day Sapref refinery — the nation’s largest crude-processing facility. The plant was shut the following year, and the government began considering potentially taking it over.
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