Sasol 's Natref oil refinery maintained strong operational performance in its final quarter to June 30 and continued to play a critical role in South Africa's fuel supply and energy security.
Oil-from-coal and chemicals group Sasol benefited from a strong production performance, particularly at Secunda Operations (SO), and a more supportive macroeconomic backdrop during the last quarter of the financial year to June 30.
SO achieved its highest annual production in the past five years, exceeding market guidance. The success of the destoning project, which kept average sinks below the market guidance range of 12 - 14%, together with increased natural gas availability and stable operations at SO during the quarter, underpinned the performance.
“We focused on the factors within our control, prioritising safety, operational performance, cost, and capital discipline. We leveraged our integrated value chains across regions, ensuring reliable energy and chemical product supply amidst the Middle East (ME) conflict,” the group said in an update ahead of the planned publication of its full financial results on September 1.
The Natref oil refinery maintained strong operational performance in the quarter and continued to play a critical role in South Africa's fuel supply and energy security.
