South Africa: Vitol’s Interest in Shell’s Service Stations Gains Traction. Johannesburg, South Africa — March 19, 2026 Shell’s 600 service stations in South Africa are attracting considerable interest from the energy sector, with Vitol, the global energy company, reportedly eyeing the acquisition. Despite Shell’s apparent reluctance to sell its South African assets to the Swiss trader, Vitol’s enthusiasm for the deal remains undiminished.
BP is also playing a significant role in this saga, seeking to exercise its right of pre — emption over Shell’s shares in a joint storage terminal at the port of Durban. This move could entail additional costs for any potential buyer, as leasing the space is crucial for importing products.
The Anglo — Dutch oil giant has yet to announce a buyer for its South African service stations, which were put on the market in May 2024.
Gunvor, initially seen as the leading candidate, recently ended its partnership with local partner Afrifund during negotiations, potentially complicating its bid. Rothschild & Co is poised to reveal the shortlisted candidates for the purchase of Shell’s petrol stations.
One notable bid comes from Gunvor, which has joined forces with Sipho Maseko’s company to present a proposal.
According to Africa Intelligence, the ongoing negotiations highlight the competitive nature of the oil and gas industry in South Africa and the strategic importance of service station networks.
The situation remains fluid, with further developments expected in the coming weeks.
The eventual buyer of Shell’s South African assets could significantly impact the country’s energy landscape.
