Johannesburg-headquartered Company Focuses on the US and Canadian Markets
CHEMMONITOR.COM – The Johannesburg-headquartered South African company Sasol is apt to sell its USD 900 million unit. The plant is situated in Iran. The company plans to sell a half of its shares in the project. Currently, business in Iran is not profitable because of sanctions imposed on Iranian materials and products.
Sasol Ltd. halted importing Iranian crude oil in early Q1 2012 without any plans to recommence it, in light of the sanctions from the USA and EU.