Shell wants out of Botswana

source: Mmegi
BRIAN BENZA
Staff Writer

The country’s largest oil company, Royal Dutch Shell, wants to divest from its retail and marketing operations in Botswana and 20 other African countries.

This news comes hardly a month after another oil company, BP, announced plans to pull out. In a statement on its website, Shell says it is shifting its focus to exploration and production of oil while simultaneously cutting back further on refining and marketing.

“Shell Oil Products Africa (Shell) announces it is reviewing ownership options for its downstream businesses in 21 countries in Africa,” says the statement posted last week.

“While a number of options are being considered, the preferred outcome is the sale of most businesses in scope as going concerns.”
Shell is reviewing 15 percent of its refining capacity and is [continue reading]

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