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Tag Archive 'Sasol'

Apr 16 2009

Sasol close to GTL contract in Uzbekistan

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Sasol, Malaysia’s Petronas and Uzbekneftegaz, the national oil and gas company of Uzbekistan, are close to a government contract to develop a gas-to-liquids (GTL) plant in gas-rich Uzbekistan, reported SouthAfrica.info last week. 

Here is the complete story

And this is what Industrialinfo.com reported on the same topic:

Negotiations are under way following the signing of a heads of agreement contract between Malaysia’s Petroliam Nasional Berhad (Petronas) (Kuala Lumpur), Uzbekneftegaz (Tashkent, Uzbekistan) and Sasol (NYSE:SSL) for the development of a gas-to-liquids (GTL) project in Uzbekistan.

A memorandum of understanding has also been signed between the three parties covering mutual cooperation in the oil and gas industry in Uzbekistan, which Petronas and Sasol are currently exploring. The talks with the Uzbekistani government are focused on the detailed requirements that will allow plans to proceed with the implementation of the next phase of the project and, according to Petronas, should lead to the setting up of a joint venture company.

The signing of the heads of agreement contract came after the positive outcome of the joint prefeasibility study regarding a 40,000 barrel-per-day (BBL/d) GTL plant based on Sasol’s proprietary technology that would be used to produce high quality transportation fuels from the country’s major domestic natural gas reserves. Sasol’s general manager, Lean Strauss, said that the country had about 60 trillion cubic feet of gas reserves and that a typical GTL plant requires on 3 trillion cubic feet of gas per year. The project is expected to move into the full-feasibility study stage within the next six months.

To date, Uzbekistan’s domestic oil production has covered local consumption, but production volumes are falling. Sasol anticipated that the country would soon become a net importer of oil and saw that the country was motivated to produce its own transportation fuel. Enhancing local fuel production will make a significant contribution to the economy of Uzbekistan through foreign direct investment and job creation. 

In addition to pursuing a number of new GTL projects globally, Sasol’s $7 billion Oryx project, a joint venture with Qatar Petroleum, is nearing its production design capacity of 34,000 BBL/d after producing an average of 29,000 BBL/d in February. The Escravos GTL project in Nigeria, which has a production scale about the same as Oryx, is scheduled to begin operation in 2011.

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Mar 26 2009

India drops demand for profit of Sasol plant

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The Indian government has dropped its demand for a share in the profit of the $18 billion coal-to-liquid (CTL) petroleum plant to be built by a Tata Sons/Sasol joint venture called Strategic Energy Technology Systems (SETSL) in Orissa, India. [Read on]

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Mar 12 2009

Sasol tenders for one and gets two (in India)

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Sasol and Indian company Tata Sons tendered to build a coal-to-liquid installation for the Indian government at a cost of about $8 billion – and won a contract for two of them. That must be the mother of all stories in the mould of ‘buy one, get one free’. [Read on]

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Feb 04 2009

Sasol wins (in a roundabout way)

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The US Airforce dropped plans to build its own liquid fuel from coal plant to satisfy its needs for aircraft fuel. It’s been buying fuel from Sasol – and might just continue doing that for a bit longer now.

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Dec 02 2008

Sasol UK to reinvent the wheel?

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I hope someone told them the mother company in South Africa can already do that

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Oct 16 2008

Sasol in China: Another feasibility study

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Oops, could this be where Sasol’s coal-to-liquid ambitions in China ends? [Read on]

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Oct 01 2008

State witness Shell walks away scot free

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The information is flowing thick and fast, in the wake of the Sasol fine shock. Handelsblatt, the German financial weekly, just reported that Shell walked away scot free, because it had earlier turned state witness. [Read on]

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Oct 01 2008

Shell’s great escape

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Just in time is back as a management tool! If the well-timed sale by Shell of its share in the German-based joint venture Merkur to South African chemical company Sasol (the other partner in the joint venture) at the end of last year is anything to go by. [Read on]

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