Shell's fuel retail history in South Africa stretches back more than 100 years, but that chapter in the company's history looks set to close.
ADNOC Distribution, the publicly listed retail arm of the Abu Dhabi National Oil Company, has agreed to buy Shell's South African fuels business in a deal worth US$1bn, according to the Financial Times.
The transaction covers 580 company and dealer-owned service stations, alongside lubricants, commercial fuels, aviation and marine operations.
It brings to an end a divestment process that Shell first flagged back in 2024, when it announced plans to exit its majority stake in Shell Downstream South Africa following a broader review of its global operations.
The deal is expected to be fully completed next year.
