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Abu Dhabi National Oil Company (ADNOC)

Shell exits S/Africa’s downstream sector, sells off 580 feel stations to Abu Dhabi firm

British energy giant Shell has announced a deal to sell its South African downstream business, including 580 fuel stations, to the Abu Dhabi National Oil Company (ADNOC). Shell said the sale, valued at about $1 billion (£21 billion), formed part of…

Posted on VN