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South Africa: Sasol progresses asset sales

Sasol is making progress with a divestment programme aimed at helping the company survive a cash crisis exacerbated by coronavirus and the low oil price. The company said on 1 July it had signed an agreement to sell its interest in the Escravos gas-to-liquids plant in Nigeria to Chevron, though it would continue to provide catalyst supply, technology and technical support. Sasol has also sold its 51% share in a new explosives joint venture announced in October 2019 to its partner Enaex SA.

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