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

SASOL LIMITED (SOLJ)
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Sasol Limited : Sasol : Identified Alternate Crude Oil Suppliers Amid Iran Sanctions

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03/22/2012 | 04:10pm CET

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 [email protected]

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Financials ( ZAR)
Sales 2018 185 B
EBIT 2018 34 438 M
Net income 2018 22 947 M
Debt 2018 82 991 M
Yield 2018 2,92%
P/E ratio 2018 12,40
P/E ratio 2019 11,18
EV / Sales 2018 2,04x
EV / Sales 2019 1,88x
Capitalization 296 B
Chart SASOL LIMITED
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Sasol Limited Technical Analysis Chart | SOLJ | ZAE000006896 | 4-Traders
Technical analysis trends SASOL LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 12
Average target price 440  ZAR
Spread / Average Target -2,6%
EPS Revisions
Managers
NameTitle
Bongani Nqwababa Co-President & Co-Chief Executive Officer
Stephen Russell Cornell Co-President & Co-Chief Executive Officer
Mandla Sizwe Vulindlela Gantsho Chairman
Paul Victor Chief Financial Officer & Executive Director
Stephanus Johannes Schoeman Executive Vice President-Technology
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