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

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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.

 

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