BP, Shell to Divest Refinery Stakes in South Africa
BP Southern Africa (Pty) Ltd. and Shell Downstream South Africa (Pty) Ltd. have reached an settlement to promote their respective 50 p.c stakes in property held by the nation’s largest refinery to state-owned Central Vitality Fund SOC Ltd. The sale consists of the oil firms’ pursuits within the land at SAPREF (Pty) Ltd. and different property…