After Shell decided to sell its downstream business in South Africa, the country may limit the oil exploration licenses the supermajor receives.
South Africa has hinted that Shell could receive fewer oil exploration licenses after the supermajor decided to sell its downstream business in the country, Mineral Resources and Energy Minister Gwede Mantashe told Bloomberg in an interview published on Friday. Earlier this week, Shell said it is preparing to divest from downstream operations in South Africa as a result of an internal portfolio review.
“Shell has decided to reshape the Downstream portfolio and intends to divest our shareholding in Shell Downstream South Africa SDSA,” the oil giant said in a statement in response to Daily Maverick’s queries, adding that the decision followed a full review of “… the Downstream and Renewables businesses across all regions and markets in line with Shell’s focus on performance, discipline, and simplification”.
Shell Crude Oil Drilling Regulations Natural Gas Downstream
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