filling up

ADNOC nears $1B South African fuel station deal with Shell

If it goes through, the deal will give ADNOC Distribution about 600 retail outlets, which comprises roughly 10% of Africa’s largest fuel market

Beata Zawrzel/NurPhoto via Getty Images

ADNOC service station in the UAE

Abu Dhabi’s ADNOC Distribution is nearing the $1 billion purchase of Shell’s South African fuel station network, adding to a list of recent overseas deals by the Abu Dhabi energy giant, which has continued to deploy billions of dollars...