{"id":535375,"date":"2024-05-06T16:46:54","date_gmt":"2024-05-06T14:46:54","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=535375"},"modified":"2024-05-06T16:47:55","modified_gmt":"2024-05-06T14:47:55","slug":"goodbye-shell","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/energy\/535375-goodbye-shell.html","title":{"rendered":"Goodbye Shell"},"content":{"rendered":"<p>Shell Plc intends to exit shareholdings in its South African retail, transport, and refining operations, Daily Maverick reported.<\/p>\n<p>The energy company made the decision after reviewing its downstream and renewables business across all regions and markets, the website <strong><a href=\"https:\/\/www.dailymaverick.co.za\/article\/2024-05-06-shell-confirms-intention-to-divest-from-south-african-downstream-operations\/\" target=\"_blank\" rel=\"noopener\">reported<\/a><\/strong>, citing Shell.<\/p>\n<p>Local media, including Sunday Times and City Press, reported that <strong><a href=\"https:\/\/mybroadband.co.za\/news\/energy\/535119-shell-wants-to-leave-south-africa.html\">Shell plans to exit South Africa<\/a><\/strong>, where it has about 600 forecourts and has operated since 1902.<\/p>\n<p>Shell and BP Plc\u2019s southern African unit jointly own the Sapref refinery \u2014 the nation&#8217;s biggest \u2014 in Durban on the country\u2019s east coast.<\/p>\n<p>The 180,000-barrel-a-day facility halted operations ahead of a sale in 2022 and was subsequently damaged by floods.<\/p>\n<p>The government published new rules in 2022 that require refiners to meet low-sulfur fuel specifications by 2023, which rendered most of the nation\u2019s fleet obsolete, according to a lobby group representing the fuel manufacturers.<\/p>\n<p>Shell said in 2020 that it was reviewing its shareholding in Sapref.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shell says its decision to exit South Africa comes after a review of its downstream and renewables business across all regions and markets.<\/p>\n","protected":false},"author":341034,"featured_media":535379,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27995],"tags":[94273,94329],"class_list":["post-535375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-shell-downstream-south-africa-sdsa","tag-shell-plc"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/535375"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=535375"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/535375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/535379"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=535375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=535375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=535375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}