Sasol, Partners Award US$45mn Condensate Sales Contract to PETROMOC

PR61767

MAPUTO, Mozambique, Sept. 11, 2015 /PRN=KYODO JBN/ --

In a drive to promote local content in Mozambique, Sasol and its partners have

entered into an agreement with Petroleos de Mocambique (PETROMOC), Mozambique's

state-owned distributor of petroleum products, to purchase condensate from the

Central Processing Facility in Temane, Inhambane province.

"Promoting local content is key to ensuring that the oil and gas industry

promotes in-county economic development," said John Sichinga, Senior Vice

President, Sasol Exploration and Production International. "We have been

focusing on identifying, and sustaining Mozambican suppliers that can support

and help develop our activities and participate meaningfully in the value chain

of the growing hydrocarbon industry.

Proposals received were evaluated independently in terms of a set of

established criteria by the unincorporated joint venture partners in the

Petroleum Production Agreement licence, namely Sasol (70%), Companhia

Mocambicana de Hidrocarbonetos (25%) and the International Finance Corporation

(5%).

Sichinga added: "We intend to progress developing and growing Mozambican

suppliers that can fulfil similar roles in our value chain."

According to Fernando Uache, CEO of Petromoc, "Sasol is and will continue to be

a natural partner for Petromoc. It was with Sasol that we set our first joint

venture in the context of activities that constitute our core business. Today,

to earn the trust of Sasol in a contract of this dimension, confirms the

affinities of both companies and the role of complementarity that Petromoc can

play for the upstream activities developed by Sasol in Mozambique".

Sasol's commitment to Mozambique began well over a decade ago, when, together

with its partners, CMH and IFC developed the Pande/Temane natural gas project.

This project pioneered the monetisation of the Pande and Temane gas fields

which had been effectively 'stranded' for over 30 years. The natural gas

project has resulted in significant benefits flowing to Mozambique, with the

investment unlocking the country's natural wealth and providing a platform for

much-needed foreign investment, economic growth, skills and social development.

Notes to the editors:

- Established in 1977, PETROMOC owns and operates storage facilities and

pipelines across Mozambique, including 19 inland and coastal depots which boast

a combined storage capacity of around 500,000 cubic metres. The largest

supplier of fuel to Mozambique's leading industrial and commercial companies,

the company markets fuels, oils, grease-oils and lubricants for use in the

mining, agriculture and maritime sectors. PETROMOC also provides fuel to a host

of neighbouring countries such as Zambia, Zimbabwe, Malawi and the Democratic

Republic of Congo.  

- Sasol holds a 49% interest in Petromoc e Sasol Sarl (PeSS), a joint venture

with PETROMOC. PeSS operates eight fuel retailing & convenience stores and has

47 commercial customers and a market share of 8% in the Downstream fuel

business in Mozambique.   

Forward-looking statements: Sasol may, in this document, make certain

statements that are not historical facts and relate to analyses and other

information which are based on forecasts of future results and estimates of

amounts not yet determinable. These statements may also relate to our future

prospects, developments and business strategies. Examples of such

forward-looking statements include, but are not limited to, statements

regarding exchange rate fluctuations, volume growth, increases in market share,

total shareholder return and cost reductions. Words such as "believe",

"anticipate", "expect", "intend", "seek", "will", "plan", "could", "may",

"endeavour" and "project" and similar expressions are intended to identify such

forward-looking statements, but are not the exclusive means of identifying such

statements. By their very nature, forward-looking statements involve inherent

risks and uncertainties, both general and specific, and there are risks that

the predictions, forecasts, projections and other forward-looking statements

will not be achieved. If one or more of these risks materialise, or should

underlying assumptions prove incorrect, our actual results may differ

materially from those anticipated. You should understand that a number of

important factors could cause actual results to differ materially from the

plans, objectives, expectations, estimates and intentions expressed in such

forward-looking statements. These factors are discussed more fully in our most

recent annual report under the Securities Exchange Act of 1934 on Form 20-F

filed on 29 September 2014 and in other filings with the United States

Securities and Exchange Commission. The list of factors discussed therein is

not exhaustive; when relying on forward-looking statements to make investment

decisions, you should carefully consider both these factors and other

uncertainties and events. Forward-looking statements apply only as of the date

on which they are made, and we do not undertake any obligation to update or

revise any of them, whether as a result of new information, future events or

otherwise.

About Sasol:

Sasol is an international integrated chemicals and energy company that

leverages the talent and expertise of approximately

31 000 people working in 37 countries. We develop and commercialise

technologies, and build and operate world-scale facilities to produce a range

of high-value product streams, including liquid fuels, chemicals and low-carbon

electricity.

Issued by:

Nompilo Morafo, VP Public Affairs & Country Management

Direct telephone: +27-11-344-0745

Nompilo.morafo@sasol.com

On behalf of:

Alex Anderson, Head of Group Media Relations

Direct telephone: +27(0)11-441-3295; Mobile +27(0)71-600-9605;

alex.anderson@sasol.com

Matebello Motloung, Specialist: Media Relations

Direct telephone: +27(0)11-441-3252, Mobile: +27(0)83-773-9457

matebello.motloung@sasol.com

Source: Sasol Limited