The units of Shell plc (NYSE:SHEL) and BP p.l.c. (BP) in South Africa are reportedly expected to pay about $15 million to the state-run Central Energy Fund for operational costs at the Sapref refinery, which they are selling to the government. The Central Energy Fund (CEF) is seeking National Treasury’s approval to purchase the flood-damaged refinery, with a nameplate capacity of 180,000 barrels per day, from Shell and BP for just 1 rand ($0.0539), reported Reuters. The deal includes fixed assets and transmission pipelines located in the east coast petrochemical hub of Durban. The report added that the payments could help revive South Africa’s largest refinery as the ...