South Africa's Fuel Market Is Changing Hands, But the Bigger Story Is BRICS and Gulf Capital

South Africa's fuel retail landscape is on the verge of another significant transformation. Reports that the retail arm of Abu Dhabi National Oil Company (ADNOC) is preparing to acquire Shell's network of approximately 600 fuel stations for around US$1 billion are about more than a corporate transaction. If finalised, the deal would hand ADNOC control of roughly 10% of South Africa's fuel retail market while signalling a broader shift in who is shaping strategic energy assets across the Global South. For BRICS observers, the implications stretch well beyond petrol stations.

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