|
|
Sasol -- signs deal on Uzbekistan gas project
The project to build a gas-to-liquid plant in Uzbekistan moved into the feasibility stage after petrochemicals group Sasol and it's partners in the project yesterday signed a joint venture agreement. The agreement was the next hurdle in the project following the various parties' signing of heads of agreement for the development and implementation of the facility and a memorandum of understanding for mutual co-operation earlier this year. According to Sasol, the plant could produce 40 000 barrels a day. The Qatar-based Oryx gas-to-liquid plant, in which Sasol has a 49% stake, has a 34 000 barrels-a-day capacity.
|
| |
Sasol appoints new director
Sasol announced the appointment of Mr Colin Beggs as a non-executive director and member of the audit committee with immediate effect.
|
|
Click here for original article
|
| |
Sasol - cautious about crude price
Petrochemicals group Sasol has held back jubilation at signs of a recovery in the price of international crude oil, with chief financial officer Christine Ramon saying the company was cautious about the short-term outlook for oil prices. The oil price has shown signs of recovery after it dipped to below USD33 a barrel earlier this year. Yesterday evening it was trading at just more than USD68 a barrel. Higher international crude oil prices will ease the pressure on Sasol's earnings. The lower oil price is one of the reasons for the expected fall in Sasol's earnings.
Sasol wanted to introduce carbon capture and storage technology into future coal-to-liquid plants, said Ramon. Ramon said Sasol wanted to reduce it's greenhouse gas emissions, introduce renewable energy and raw material feedstock."We are also investigating the potential of using viable Carbon dioxide capture and storage technologies. The idea is to integrate carbon capture and storage technology solutions into future (coal-to-liquid) plants. We are exploring opportunities for storing Carbon dioxide by compressing the gas to a liquid form and injecting it into deep geological formations, such as saline aquifers, unmineable coal seams or into depleted oil and gas fields," she said.
|
| |
| |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
