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Sasol cuts production, sales target on coronavirus impact - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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South African petrochemicals giant Sasol Ltd on Wednesday cut its guidance for synthetic fuel production and liquid fuel sales for this financial year SABCNews

It is also targeting sales of 50–51 million barrels of liquid fuel for the financial year 2020, against 57–58 million barrels previously, it said.

The group, which is also facing high debt levels and falling oil and chemical prices, said it has decided to suspend production at its inland crude oil refinery Natref from April 9. A further reduction in rates may be required depending on further developments in the fuels market, the company added.

 

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