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While TotalEnergies’ upstream oil and gas strategy in South Africa is now progressing, the company is pivoting away from the downstream sector with the sale of a refinery in the country.
The transaction is in line with the company strategy to focus on its large integrated fuels and petrochemicals platforms and to divest its non-core assets.
Despite the temporary shutdown of Sasol's Natref refinery, Airports Company SA says jet fuel supplies at all its airports remain stable and it continues to meet airline demands.