South Africa May Limit Shell's Drilling Licenses After Its Downstream Exit

South Africa has hinted that Shell could receive fewer oil exploration licenses after the supermajor decided to sell its downstream business in the country, Mineral Resources and Energy Minister Gwede Mantashe told Bloomberg in an interview published on Friday. Earlier this week, Shell said it is preparing to divest from downstream operations in South Africa as a result of an internal portfolio review. Shell holds a majority share in Shell Downstream SA (SDSA), which was formed by the merger agreement between Shell South Africa and…