UAE targets Shell’s 600 SA petrol stations in $1bn deal

UAE targets Shell’s 600 SA petrol stations in $1bn deal

For South Africa, the potential sale of Shell’s retail network could reshape competition in the fuel sector while deepening ties with Gulf investors at a time of shifting global energy dynamics. The oil major is in advanced talks to sell its South African downstream assets to the Abu Dhabi National Oil Company (Adnoc) in a deal estimated at $1 billion (about R16.4bn), signalling a significant shift in the country’s fuel retail landscape. Shell c…