Major oil traders and national oil companies are vying for Shell's downstream assets in South Africa as the energy giant reshapes its global portfolio.
Oil trading giants and the national oil companies of some of the Middle East's biggest oil producers are in the race to buy Shell 's South Africa n service stations as they look to expand their access to downstream assets .
In this way, commodity traders gain direct access to a refinery to which they can send part of the crude they sell and become larger players on the crude options and futures market to hedge their exposure to physical crude oil. In recent months, the largest independent oil trading houses have acquired several refineries from Big Oil worldwide in consortia with other companies.
South Africa Downstream Assets Oil Traders National Oil Companies Saudi Aramco ADNOC Trafigura Central Energy Fund
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