bp, Shell agree to sell their shares in South Africa's SAPREF refinery hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.
Shell and bp sell South Africa's largest refinery two years after closure - News thechemicalengineer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thechemicalengineer.com Daily Mail and Mail on Sunday newspapers.
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.
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.