Petroleum Africa
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Thursday, July 2, 2020
Sasol, as part of its $2 billion divestiture scheme, will be selling off its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron. The transaction value was not disclosed.
According to reports, the petrochemicals giant will continue to support Chevron in the performance of the EGTL plant through ongoing catalyst supply, technology and technical assistance.
Earlier in the week it was announced that Sasol would be selling its stake in the ROMPCO pipeline that carries natural gas from its Pande and Temane onshore fields in Mozambique to Secunda in South Africa as well as the Central Termica de Ressano Garcia gas-fired power plant.
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.
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