Several prominent corporations, including Saudi Aramco, Abu Dhabi National Oil, and Trafigura, are competing for the purchase of Shell’s South African service stations, which are worth nearly a billion dollars. This intense competition reflects a wider trend among trading companies, who are investing in oil’s downstream businesses due to declining cargo trading margins. The acquisition of retailers holds a strategic advantage, ensuring a steady demand for their fuels. The outcome of this contest will shape South Africa’s petroleum retail sector, highlighting the dynamic nature of the global petroleum industry.
