Sinopec $900 million acquisition of Chevron South Africa and Chevron Botswana

Private acquisition

$ 900 million




  • The China Petroleum & Chemical Corporation (Sinopec) acquired Chevron South Africa and Chevron Botswana from Chevron Global Energy for $900 million subject to meeting conditions set by South Africa's competition authority.
  • Sinopec purchased 75% of the shares in Chevron South Africa and 100% of the shares in Chevron Botswana and the move marks the company's entry into the South African and Botswanan downstream markets.
  • Chevron South Africa and Chevron Botswana collectively form one of the largest integrated downstream oil businesses in Sub-Saharan Africa. 

Anna Kozakova - Journalist

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