Saudi Aramco, Abu Dhabi National Oil and Trafigura are among the companies competing to acquire Shells service stations in South Africa, Cape {town} Etc reports.
In addition, the assets have also attracted the attention of South Africas Central Energy Fund, which owns PetroSA, as well as Sasol and Omans OQ Trading.
A winner could potentially be chosen by the end of 2024, but it may also slip into 2025, as reported by MyBroadband .
Shell may seek to raise nearly $1 billion from the sale of its downstream unit in South Africa, anonymous sources have stated.
The divestment includes trading and fuel supply businesses, with the company having a network of 600 service stations across the country, according to its website .
