South Africa Extends Durban Fuel Hub Leases to BP, Shell, and Vitol
South Africa Grants Long-Term Durban Oil Hub Leases to BP, Shell, and Vitol Amid Import Dependence South Africa has granted multinational oil majors and traders—including BP, Shell, and Vitol—extended leases at its key petrochemical hub in Durban, ending years of uncertainty over short-term contracts that had threatened investment and supply security. The decision, announced by the Transport Ministry, allows the companies long-term access to the Island View Precinct at Durban port, which handles about 70%
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