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Glencore agrees $973milion stake in Chevron’s African business

Oct 09, 2017

Commodity and mining group, Glencore, are taking over a 75% stake in Chevron’s CVX.N South Africa unit and all of Chevron Botswana, claim Reuters.

According to the news agency, the deal is inclusive of Chevron’s retail, manufacturing and industry supply business interest in the African Nations.

In a statement Glencore said: “Glencore believes that the assets provide an attractive downstream opportunity for its oil business.”


Full Article:  https://www.energyvoice.com/oi...


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