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

End-of-day quote. End-of-day quote  - 08/23
374.01 ZAR   +0.24%
03:02a SASOL : Excellence in supply chain skills development
08/15 SASOL : Union defends poor strike turnout
08/15 SASOL : Union defends poor strike turnout
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Sasol Limited : Sasol : Identified Alternate Crude Oil Suppliers Amid Iran Sanctions

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03/22/2012 | 04:10pm CEST

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

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Latest news on SASOL LIMITED
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Financials ( ZAR)
Sales 2016 172 910 M
EBIT 2016 32 385 M
Net income 2016 16 433 M
Debt 2016 40 527 M
Yield 2016 4,11%
P/E ratio 2016 12,09
P/E ratio 2017 9,19
EV / Sales 2016 1,65x
EV / Sales 2017 1,62x
Capitalization 244 794 M
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Mean consensus HOLD
Number of Analysts 13
Average target price 430  ZAR
Spread / Average Target 15%
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Managers
NameTitle
Mandla Sizwe Vulindlela Gantsho Chairman
Stephen Russell Cornell Executive Vice President-International Operations
Bongani Nqwababa Chief Financial Officer & Executive Director
Stephanus Johannes Schoeman Executive Vice President-Technology
Hendrik George Dijkgraaf Lead Independent Non-Executive Director
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