Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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 [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SASOL LIMITED
10/21 SASOL : QUARTERLY UPDATE. Business plan pays off as Sasol gets back on track
10/20 SASOL : Business plan pays off as Sasol gets back on track
10/20 OPINION : Sasol pointing the way to BEE vendor financing
10/20 OPINION : Sasol pointing the way to BEE vendor financing
10/20 SASOL : Big-Bucks Boost for Banyana Banyana
10/19 SASOL : Westlake Council accepts bids for construction of new water well
10/19DJSASOL : Reports Increased 1Q FY18 Saleable Production
10/18 SASOL : proposed new B-BBEE ownership structure designed to create immediate...
10/17 SASOL : SC, Sasol host workshop on accessibility
10/16 JACOBS ENGINEERING : Matasis JV Wins Project Management Services Contract
More news
News from SeekingAlpha
09/20 ENERGY/MATERIALS - TOP GAINERS / LOS : 00 pm
09/20 Sasol to write off $900M to unwind black empowerment deal; shares -7%
09/06 Sasol goes ex-dividend tomorrow
09/06 Sasol?s $11B chemical project resumes after Harvey shutdown
08/21 Sasol cuts expectations for $11B Louisiana chemicals project
Financials ( ZAR)
Sales 2018 177 B
EBIT 2018 31 694 M
Net income 2018 20 668 M
Debt 2018 80 550 M
Yield 2018 3,02%
P/E ratio 2018 11,99
P/E ratio 2019 10,63
EV / Sales 2018 1,92x
EV / Sales 2019 1,76x
Capitalization 259 B
Chart SASOL LIMITED
Duration : Period :
Sasol Limited Technical Analysis Chart | SOLJ | ZAE000006896 | 4-Traders
Technical analysis trends SASOL LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 410  ZAR
Spread / Average Target 3,5%
EPS Revisions
Managers
NameTitle
Bongani Nqwababa Co-President & Co-Chief Executive Officer
Stephen Russell Cornell Co-President & Co-Chief Executive Officer
Mandla Sizwe Vulindlela Gantsho Chairman
Paul Victor Chief Financial Officer & Executive Director
Stephanus Johannes Schoeman Executive Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
SASOL LIMITED-1.82%19 022
EXXON MOBIL CORPORATION-8.31%352 146
BP-3.42%128 190
CHINA PETROLEUM & CHEMICAL CORP7.58%103 333
RELIANCE INDUSTRIES LIMITED61.90%88 600
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%78 642