Sasol has upped its guidance for its Secunda coal-to-oil plant, saying on Thursday that production for its financial year to end-June was expected to be 3% lower than the prior year. The fuels giant had faced an extended shutdown of its Sasol Secunda Operations (SSO) West factory due to technical issues, which had prompted a 6% decline in output in the first half of the company's financial year. In its update for the nine-month to end-March, Sasol said it would now achieve production at Secunda that is towards the upper end of its guidance of between 7.5-million tonnes and 7.6-million tonness. It reported higher average crude prices during the period, but said that this had been offset by weaker refining margins. Liquid fuels sales volumes rose 4% compared to the prior corresponding period, partially due to an improved performance at its Natref facility in Sasolburg. Sasol's Lake Charles Project is now 96% complete, the company said on Thursday, having reported in February the embat...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now