Insight
TotalEnergies' NATREF and Shell’s PCK Schwedt stakes sold to the Prax Group
Report summary
On 1st December 2023, TotalEnergies agreed to sell its minority stake in South Africa's NATREF refinery to the Prax Group. The 108 kb/d capacity refinery, a joint-venture with Sasol, is currently one of only two operational oil refineries in South Africa. The Prax Group also announced its acquisition of Shell's interest in PCK Schwedt refinery on 15th December 2023. The 239 kb/d capacity site is co-owned with Rosneft Deutschland and ENI. How do these divestments align with the strategic focus of these oil majors? And what do these transactions mean for the Prax Group? This insight explores the deals in more detail.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Middle East upstream M&A trends and watchlist
14 opportunities to look out for.
$1,350
Asset Report
Chibuluma West (Closed) copper mine
A detailed analysis of the Chibuluma West copper mine.
$2,250
Insight
Can Sub-Saharan Africa compete with the US upstream investment boom?
Spending has halved since 2014 as investors have piled-into the phenomenon of US tight oil. So is it all bad news for Sub-Saharan Africa?
$1,350