Member access

4-Traders Homepage  >  Shares  >  Johannesburg Stock Exchange  >  Sasol Limited    SOLJ   ZAE000006896

SASOL LIMITED (SOLJ)

53
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 10/31
545.42 ZAR   +0.56%
2d ago SASOL : Inzalo refinanced
3d ago Technip and Fluor awarded EP&CM contract for Sasol's Louisiana Ethane Cr..
3d ago Fluor and Technip Joint Venture Awarded Contract for Sasol's Louisiana E..
SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Sasol Limited : Sasol : Identified Alternate Crude Oil Suppliers Amid Iran Sanctions

03/22/2012 | 11:10am US/Eastern

By Devon Maylie

Of

South Africa's Sasol Ltd. (SSL) said Thursday it has found suppliers to replace the crude oil it normally sources from Iran as the West imposes trade restrictions and sanctions on the Islamic Republic.

Sasol, the world's largest producer of motor fuels from coal, relies on Iranian oil imports for about 20% of its crude requirement, or 12,000 barrels a day, at its Natref refinery. South Africa as a whole relies on Iranian crude for roughly 25% of its oil imports.

"In view of recent developments regarding trade restrictions, introduction of both petroleum and non-petroleum sanctions and heightened military presence in the Strait of Hormuz, Sasol Oil has sourced alternate suppliers to meet its crude oil requirements, thereby mitigating risks associated with oil supply disruptions from the Middle East," the company said Thursday.

The energy producer said in January it would seek to diversify away from Iranian crude. At the announcement of its results earlier this month the company's chief financial officer said it already buys from Saudi Arabia so could buy more from there.

It didn't provide details on the exact sources of supply Thursday.

-By Devon Maylie, Dow Jones Newswires; +27 11 783 7848 devon.maylie@dowjones.com

Latest news on SASOL LIMITED
2d ago SASOL : Inzalo refinanced
2d ago SASOL : Costs key to US gas project decision
2d ago Technip and Fluor Win EP&CM Contract for Sasol's La. Ethane Cracker and Deriv..
3d ago SASOL : Technip : and Fluor awarded EP%7ECM contract for Sasol's Louisiana Ethan..
3d ago Technip and Fluor awarded EP&CM contract for Sasol's Louisiana Ethane Cracker..
3d ago Fluor and Technip Joint Venture Awarded Contract for Sasol's Louisiana Ethane..
4d ago SASOL : Energy News Roundup: Is Opec Toothless? Hedge Fund to Buy Hess Energy Tr..
4d ago SASOL : Vitter Congratulates Sasol on Final Investment Decision for Ethane Crack..
5d ago SASOL : approves R90bn plant in Louisiana
5d ago SASOL : announces final investment decision on world-scale...
Advertisement
Chart
Duration : Period :
Sasol Limited Technical Analysis Chart | SOLJ | ZAE000006896 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF