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Latest Sasol Limited Stories

2014-08-28 08:23:33

RESSANO GARCIA, Mozambique, August 28, 2014 /PRNewswire/ -- Earlier today, the President of the Republic of Mozambique, Armando Guebuza, and the Mozambican Minister of Energy, Salvador Namburete, joined the chairman of the Mozambican state power utility, Electridade de Mozambique (EDM), Augusto Fernando de Sousa and the President and CEO of Sasol, David Constable, at the inauguration of Central Termica de Ressano Garcia (CTRG). The CTRG power plant, which is a...

2014-08-11 04:20:38

JOHANNESBURG, August 11, 2014 /PRNewswire/ -- Sasol's headline earnings per share (HEPS) for the financial year ended 30 June 2014 is expected to increase by between 11% and 17%, and earnings per share (EPS), for the same period, is expected to increase by between 9% and 15%, compared to the prior financial year. Sasol's profitability for the 2014 financial year was positively impacted by: - Synfuels production volumes of 7.6 million tons, up by 2%,...

2014-07-11 12:22:25

JOHANNESBURG, July 11, 2014 /PRNewswire/ -- In October 2008, the European Commission imposed a fine of EUR 318.2 million on Sasol Wax GmbH and other Sasol group companies, including Sasol Limited ("Sasol") for Sasol Wax's involvement in the European paraffin wax cartel. The fine was paid in full by Sasol in January 2009. Sasol viewed the fine as excessive and, in December 2008, applied to the European General Court in Luxemburg for a reduction of the fine. Today, the European General...

2014-07-03 12:22:09

JOHANNESBURG, July 3, 2014 /PRNewswire/ -- Today, Sasol Limited (Sasol) announced a joint pre-feasibility study for a large-scale gas-to-liquids (GTL) plant, which will be based on gas from the Rovuma Basin in Northern Mozambique. The study, which is being conducted in conjunction with Mozambique's national oil company, Empresa Nacional de Hidrocarbonetos (ENH) and Italian multinational, Eni, will assess the viability and benefits of such a plant to the region. The...

2014-06-10 08:23:02

JOHANNESBURG, June 10, 2014 /PRNewswire/ -- Today, Sasol Petroleum International, the upstream oil and gas subsidiary of Sasol Limited (Sasol), announced that it has concluded a farm-out to Eni SpA (Eni), an Italian multinational oil and gas company, for the exploration right permit 236 (ER236) in South Africa. The permit was granted to Sasol in November 2013 by the Petroleum Agency of South Africa for an initial period of three years. The permit grants the right to...

2014-06-09 08:23:35

JOHANNESBURG, June 9, 2014 /PRNewswire/ -- Dear stakeholder, Sasol delivered a strong operational performance over the first nine months of the 2014 financial year, notwithstanding a still mixed macroeconomic environment. In the last quarter, oil prices remained flat, compared to both the first six months of the current financial year, as well as the comparable period in the previous year, while Henry Hub natural gas prices have increased slightly. The exchange rate depreciated by 20%...

2014-03-03 00:21:13

JOHANNESBURG, March 3, 2014 /PRNewswire/ -- On 1 July 2013, Sasol (JSE: SOL, NYSE: SSL) adopted a number of new International Financial Reporting Standards (IFRS), which impacted the previously reported financial results of the group. These new accounting standards include IFRS 10, Consolidated Financial Statements, IFRS 11, Joint Arrangements and IFRS 12, Disclosure of Interests in Other Entities. In accordance with the transition provisions, these standards have been applied with...

2014-01-14 04:20:20

SASOLBURG, South Africa, January 14, 2014 /PRNewswire/ -- Today, Sasol Limited's Chief Executive Officer, David Constable, and the South African Minister of Trade and Industry, Dr Rob Davies, inaugurated Sasol's new ethylene purification unit, known as the Ethylene Purification Unit 5 (EPU5), in Sasolburg. Located at the Sasol Polymers Plant in Sasolburg, the R1.9 billion ethylene purification unit aims to address the growing demand for polyethylene material. The plant...


Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'