December 18, 2014 10:16 AM 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...

32 Hill Street

PO Box 4211

Fernberg

Randburg,  2125

South Africa

Founded in 1981

Phone:

27 11 889 9419

Fax:

27 11 219 4326

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 Announces Audited Earnings Results and Production Results for the Year Ended June 30, 2014

Sasol Oil announced audited earnings results and production results for the year ended June 30, 2014. For the year, the company reported turnover of ZAR 80,639 million against ZAR 67,274 million a year ago. Operating profit after remeasurement items was ZAR 1,531 million against ZAR 1,859 million a year ago. Headline earnings were ZAR 28 million against ZAR 76 million a year ago. Operating profit was 18% lower than the prior year, primarily due to lower refining margins. Compared to the prior year, sales and production volumes were respectively 4.8% and 6.8% higher. Sales volumes increased due to higher demand from the export, aviation and commercial markets. Production volumes were higher in 2014 primarily due to the extended shutdown of Natref in the prior financial year. Normalised production volumes for Natref increased by 2% compared to the prior year.

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.

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