News
South Africa Sasol to divest from Escravos gas-to-liquids plant
South African petrochemicals giant Sasol has said it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron for an undisclosed sum. The world’s top manufacturer of motor fuel from coal said it would continue to support Chevron in the performance of the EGTL plant through ongoing catalyst supply, technology and technical assistance.
The company said other sale processes, including its interests in the Republic of Mozambique Pipeline Investment Company pipeline and Central Termica de Ressano Garcia gas-fired power plant in Mozambique, are well underway. In March, Sasol had accelerated its asset disposal programme and said that it could sell up to $2 billion of its shares to ensure that it can pay its debt following a slump in oil prices and fears over the coronavirus outbreak.
-
Finance1 day agoCBN confirms 82 BDCs fully licensed under revised guidelines
-
Economy1 day agoBayelsa bans illegal mining activities
-
Economy1 day agoMiners kick against northern governors’ proposed ban on mining activities
-
Uncategorized1 day agoCentral bank body BIS raises concerns of gold and stocks double bubble
-
Uncategorized1 day agoVisiting US lawmaker say rescue of 100 children a positive security step forward
-
News5 hours agoNASS members vow to delay Tinubu’s 2026 budget over constituency projects funding
-
Finance1 day agoNigeria’s foreign reserves hits $45bn, rose by $374.66m in one week
-
Economy4 hours agoAfrexim says Africa must raise factoring volumes to at least €240bn to support SME led transformation