Shell Finalizes $1 Billion Sale of South Africa Oil Assets to Thebe Investment Corporation

In a landmark transaction underscoring the shifting dynamics in the global oil industry, Shell has officially entered into an agreement to sell its South African oil assets to Thebe Investment Corporation for nearly $1 billion. This deal represents a strategic move for Shell as it seeks to streamline its operations and focus on cleaner energy sources while passing the baton to local investment firms.

Continue reading