Total, Glencore and Gunvor are all vying for a 75% stake in Chevron’s South African downstream assets.
According to sources, the second bidding round in which actual offers were made closed on September 30th with a selling price of around $1billion.
Chevron said the bidding process was continuing and as a “matter of policy” the details of commercial activities were not disclosed.
All three firms also declined to comment.
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