Shell Downstream South Africa has assured the public that its local operations remain stable, despite looming changes.
Country chair Aluwani Museisi gave an update following global supply disruptions triggered by the conflict in the Middle East.
The energy giant is reportedly in advanced talks to sell its South African Downstream assets-including about 600 service stations.
The multi-billion-rand deal with the Abu Dhabi National Oil Company is estimated to be worth around R16.4 billion.
“We are a net importer of product as Shell. So, we’re not exempt from the global shocks. And there’s been two key shocks, first and foremost, which has been the supply shock, with the Strait of Hormuz being closed and then almost 20% of the global supply being impacted. The first one, the supply shock, you know, we’ve been able to navigate and keep, you know, our network wet in this time, despite the uncertainties. And that essentially requires to pivot to different, you know, supply points in the globe and be able to bring the product in.”
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