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bp, Shell agree to sell their shares in South Africa's SAPREF refinery

bp, Shell agree to sell their shares in South Africa's SAPREF refinery
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BP, Shell to Divest Refinery Stakes in South Africa

BP and Shell reached an agreement to sell their respective 50 percent stakes in assets held by South Africa s largest refinery to state-owned Central Energ.

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bp, Shell agree to sell Sapref land, associated assets to the CEF

Following successful negotiations, bp Southern Africa and Shell Downstream South Africa (SDSA) have reached an agreement for the sale of their respective 50% ownership of assets located at the Sapref refinery precinct, in KwaZulu-Natal, to South African State-owned entity the Central Energy Fund (CEF). The sale includes SDSA and bpSA’s interests in the Sapref land and other associated assets, which includes tanks, process units, pipelines to and from Sapref to Island View terminal, and the Single Buoy Mooring for crude imports.

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ADNOC and Aramco weighing bids for Shell's downstream assets

ADNOC and Aramco weighing bids for Shell's downstream assets
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BP, Shell divest South Africa refinery stakes to state-owned firm

BP Southern Africa (Pty) Ltd. and Shell Downstream South Africa (Pty) Ltd. have agreed to sell their 50% stakes in SAPREF.

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