Saudi Aramco, Sasol among competitors for Shell South Africa assets - Bloomberg [Seeking Alpha]
REPSOL SA SP/ADR (REPYY)
NASDAQ:AMEX Investor Relations:
repsol.energy/en/shareholders-and-investors/index.cshtml
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Source: Seeking Alpha
Company, Sasol ( SSL ) and commodity trader Trafigura, among other suitors, Bloomberg reported Thursday. Shell ( SHEL ) reportedly may seek to raise nearly $1B from the sale of its downstream unit in South Africa, which includes a network of 600 service stations across the country, as well as trading and fuel supply businesses. The company is working with Rothschild on the sale, with a winner likely to be selected by the end of the year, although the process could slip into 2025, according to the report. Separately, Shell ( SHEL ) alleges U.S. liquefied natural gas provider Venture Global " wrongfully earned " $3.5B by failing to deliver shipments to European customers under long-term supply contracts and instead sold them on high-priced spot markets when gas prices soared following Russia's invasion of Ukraine, Financial Times reported. The accusations are emerging ahead of arbitration proceedings Shell ( SHEL ) and several other energy companies including Spain's Repsol ( OT
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