BP Southern Africa (Pty) Ltd. and Shell Downstream South Africa (Pty) Ltd. have reached an agreement to sell shares in the assets of the largest oil refinery in South Africa to the state-owned central ...

Shell and BP Plc jointly owned Sapref, South Africa’s largest oil refinery, and sold it for a symbolic 1 rand (five US cents) to the state-owned Central Energy Fund after the oil majors stopped ...

Experts have weighed in on how the Central Energy Fund (CEF) will handle operations at Sapref, including funding and private partner options. Last week, Minister of Mineral Resources and Energy ...

(Bloomberg) -- South Africa’s state-owned ... The fund plans to repair the refinery and increase its capacity. The Sapref sale didn’t include BP and Shell’s terminal at Island View.

Shell and BP Plc jointly owned Sapref, South Africa’s largest oil refinery, and sold it for a symbolic 1 rand (five US cents) to the state-owned Central Energy Fund after the oil majors stopped ...