Gulf States See $6 Billion of Africa Energy Deals Within Weeks

Middle East countries have shown interest in or completed deals for at least $6 billion of African energy assets in recent weeks, demonstrating a larger investment appetite on the continent by the region.

Abu Dhabi National Oil Co. is among companies shortlisted to buy Shell Plc’s downstream assets in South Africa valued at about $1 billion, people familiar with the deal said last month. Adnoc and other companies in the United Arab Emirates have expressed interest across the breadth of Africa’s energy sector in a matter of weeks.