Sasol sells Escravos stake, works on Mozambique sale

Sasol has signed a deal to sell its indirect stake in the Escravos gas-to-liquids (GTL) plant, in Nigeria, to Chevron.

The South African company did not provide a price. The sale will free Sasol from various obligations on the GTL plant, including company guarantees.

Sasol said it would continue to support Chevron at the plant, through the supply of catalysts, technology and technical support.

The sale will have an effective economic date of September 1, 2019.

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Source: EnergyVoice

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