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 […]

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