Industry Sector, South Africa

South African state company to buy Chevron’s stake in oil refinery


File photo of a Chevron gas station sign in Cardiff, California
A Chevron gas station sign is shown in Cardiff, California, in this January 25, 2016 file photo. REUTERS/Mike Blake/Files

CAPE TOWN – South Africa’s Strategic Fuel Fund has expressed interest in purchasing a 75 percent stake in Chevron’s downstream assets, the government-owned firm said on Wednesday.