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Sasol update: Early-stage investigation of potential GTL and CTL projects in
Algeria and USA
Sasol Limited
(Incorporated in South Africa)
(Registration number: 1979/003231/06)
ISIN Code: ZAE000006896
Share Code: SOL
NYSE Code: SSL
("Sasol")
Sasol update: Early-stage investigation of potential GTL and CTL projects in
Algeria and USA
South African oil, gas and petrochemical company Sasol today announced that it
is evaluating several new gas-to-liquids (GTL) and coal-to-liquids (CTL)
opportunities over and above the ventures it is currently developing with
partners in Qatar and Nigeria. One of Sasol"s strategic growth drivers is the
commercialisation of GTL & CTL.
One such opportunity is in Algeria. The Algerian Ministry of Mines & Energy and
Sonatrach, the Algerian national oil company, are soliciting bids for a 34 000
barrel per day GTL project at Arzew using potential gas reserves in the Tinrhert
area. Sasol Chevron, the joint venture between Sasol and Chevron Corporation,
headquartered in the USA, submitted a non-binding technical proposal at the end
of September 2005. The Algerian authorities have set the middle of 2006 as the
date for commercial submissions.
Another opportunity is the USA. Recent changes to the USA"s Energy Policy Act
resulted in renewed interest in CTL projects in the US. Sasol is currently in
the early stages of evaluating several potential CTL ventures in the USA. Again,
these studies are in pre-feasibility stage and Sasol has taken no decision
whether or not to pursue any of these opportunities.
11 October 2005
Johannesburg
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 11/10/2005 12:29:12 PM Produced by the JSE SENS Department
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