South African Government reaches agreement on public interest issues on the potential acquisition of control of Chevron South Africa by Chinese company Sinopec

Sinopec – one of China’s largest state-owned companies – has undertaken to invest R6 billion in South Africa to upgrade and modernise the Cape Town-based oil refinery owned by Chevron South Africa, a subsidiary of US company Chevron, if it succeeds in its bid to acquire control of Chevron South Africa, and to use South Africa as its base to expand its African refining and downstream businesses. This… Read more on https://africa-newsroom.com/press/south-african-government-reaches-agreement-on-public-interest-issues-on-the-potential-acquisition-of-control-of-chevron-south-africa-by-chinese-company-sinopec?lang=en