South Africa May Curb Shell’s Oil Exploration Over Gas-Pump Exit
- Government may revisit permit requests for other operations
- Shell is planning to exit downstream business in South Africa
A Shell Plc gas station in Johannesburg.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
South Africa’s energy ministry signaled it may grant fewer oil exploration permits to Shell Plc over the company’s plans to exit the nation’s fuel-supply business.
The oil major is selling its shareholding in Shell Downstream South Africa, which includes a network of 600 gas stations across the country, following a review of its business across regions and markets. Mineral Resources and Energy Minister Gwede Mantashe said he’s requested a meeting with Shell officials to discuss the matter.