The energy ministry of South Africa suggested that it might decrease the number of oil exploration permits given to Shell Plc due to the company’s intention to leave the fuel-supply industry in the country.The oil giant is divesting its ownership in Shell Downstream South Africa, which encompasses 600 gas stations nationwide, to evaluate its operations in various regions and markets.
Despite years of deliberation, the Upstream Petroleum Resources Development Bill still needs to be completed in the country. Subsequently, the refinery was shut down the following year, prompting the government to explore the possibility of assuming control over it.
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