Chemicals and energy group Sasol says bumper oil prices helped offset a fall in chemical production in its year to end-June, with the group’s turnaround still on track as it deals with the fallout from delays and cost overruns at its US Lake Charles project.

In a production update for its year to end-June, Sasol said it had met many of its production targets in spite of the disruptive effects of Covid-19 and poor weather, with the market seemingly unfazed by the update from a company whose share has jumped two-thirds so far this year...

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