August 27, 2014 5:08 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Sasol Oil (Pty) Limited

Company Overview

Sasol Oil (Pty) Limited engages in blending, refining, importing, wholesaling, and marketing fuels to customers in South Africa and other sub-Saharan countries. The company’s activities include blending of fuel components into market-ready products; and crude oil procurement, shipping, and refining. Its products include unleaded petrol, diesel, aviation jet fuel, fuel oils, lubricants, liquefied petroleum gas, butane gas, propane gas, bitumen, illuminating paraffin, bitumen additives, bitumen emulsions, and waterproofing and damp-sealing products. The company also operates and franchises fuel outlets with convenience stores that sell petrol and diesel, as well as a range of consumer goods, i...

117 Industrial Road

Pretoria Industrial

Pretoria,  0183

South Africa

Founded in 1981

Key Executives for Sasol Oil (Pty) Limited

Managing Director
General Manager of Supply Chain
General Manager of Corporate Affairs
General Manager of Sales and Marketing
Compensation as of Fiscal Year 2014.

Sasol Oil (Pty) Limited Key Developments

Sasol Oil (Pty) Limited Reports Earnings and Production Results for the Half Year Ended December 31, 2013

Sasol Oil (Pty) Limited reported earnings and production results for the half year ended December 31, 2013. For the period, the company reported Operating profit increased by 22% to ZAR 989 million compared to the prior year primarily due to improved crude refining and higher sales and marketing margins. For the period, the company reported production volumes increased by 12% compared to the prior year, due to higher volumes at Natref, primarily as a result of postponing the facility's planned shutdown to the second half of the 2014 financial year.

Sasol Oil Announces Audited Earnings Results for the Year Ended June 30, 2013

Sasol Oil announced audited earnings results for the year ended June 30, 2013. Operating profit increased by 30% to ZAR 2,072 million compared to the prior year primarily due to higher marketing and refining margins, coupled with higher petroleum product prices and a weaker average rand/US dollar exchange rate. Sales for the year were lower compared to the prior year. This was due to lower demand, in particular for black products, on the back of higher petroleum product prices.

Sasol Oil (Pty) Limited Reports Audited Earnings Results for the Six Months Ended December 31, 2012

Sasol Oil (Pty) Limited reported audited earnings results for the six months ended December 31, 2012. For the six months, the company reported operating profit decreased by 17% to ZAR 907 million compared to ZAR 1,099 million for the prior year, primarily due to lower production volumes at the Natref refinery resulting from an extended planned shutdown and late start-up of the refinery. These lower volumes were somewhat offset by the higher volumes from Sasol Synfuels, however, sales volumes were lower than the prior year. Higher marketing and refining margins contributed positively to operating profits for the period. Turnover was ZAR 67,420 million against ZAR 32,321 million for the same period a year ago. Headline earnings were ZAR 60 million against ZAR 4 million for the same period a year ago.

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