Thursday, 25 July 2024

Bloomberg: Aramco and ADNOC consider buying Shell assets in South Africa


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Bloomberg News revealed on Friday, citing informed sources, that the Abu Dhabi National Oil Company “ADNOC” and Saudi Aramco are among the companies studying offers to buy assets belonging to Shell in South Africa.

The Bloomberg report indicated that the South African company Sasol is also considering submitting an offer to purchase the assets, which could be worth more than $800 million.

Meanwhile, a Shell spokesman told Reuters, “We have been contacted by several highly reliable parties that cannot be revealed at this stage.”