Sasol Partners with Eni to Explore Hydrocarbon Opportunities Along South Africa's East Coast

 Sasol Partners with Eni to Explore Hydrocarbon Opportunities Along South  Africa's East Coast  JOHANNESBURG, June 10, 2014 /CNW/ - Today, Sasol Petroleum International, the  upstream oil and gas subsidiary of Sasol Limited (Sasol), announced that it  has concluded a farm-out to Eni SpA (Eni), an Italian multinational oil and  gas company, for the exploration right permit 236 (ER236) in South Africa.  The permit was granted to Sasol in November 2013 by the Petroleum Agency of  South Africa for an initial period of three years. The permit grants the right  to explore for hydrocarbons along South Africa's East coast in the Durban and  Zululand basins offshore Kwazulu-Natal province.  In terms of the farm-out, Sasol will transfer a 40% interest in ER236 and  operatorship to Eni. Sasol will retain a majority 60% interest. The agreement,  which is subject to government approval, signals greater cooperation between  Sasol and Eni in Southern Africa.  "The establishment of our partnership with Eni in respect of our offshore  South African interests complements Sasol's strategy to develop sustainable  energy solutions, which will serve to ensure all-important economic growth and  development in southern Africa and the broader region. In addition,  accelerated exploration activity, as represented by ER236, will have many  positive benefits for South Africa and the broader region, in terms of energy  security and increasing levels of international investment," said David  Constable, Chief Executive Officer, Sasol Limited.  Eni is among a number of international energy companies to have recently  entered South Africa, which is currently the continent's largest oil importer.  Forward-looking statements: Sasol may, in this document, make certain  statements that are not historical facts and relate to analyses and other  information which are based on forecasts of future results and estimates of  amounts not yet determinable. These statements may also relate to our future  prospects, developments and business strategies. Examples of such  forward-looking statements include, but are not limited to, statements  regarding exchange rate fluctuations, volume growth, increases in market  share, total shareholder return and cost reductions. Words such as "believe",  "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may",  "endeavour" and "project" and similar expressions are intended to identify  such forward-looking statements, but are not the exclusive means of  identifying such statements. By their very nature, forward-looking statements  involve inherent risks and uncertainties, both general and specific, and there  are risks that the predictions, forecasts, projections and other  forward-looking statements will not be achieved. If one or more of these risks  materialise, or should underlying assumptions prove incorrect, our actual  results may differ materially from those anticipated. You should understand  that a number of important factors could cause actual results to differ  materially from the plans, objectives, expectations, estimates and intentions  expressed in such forward-looking statements. These factors are discussed more  fully in our most recent annual report under the Securities Exchange Act of  1934 on Form 20-F filed on 9 October 2013 and in other filings with the United  States Securities and Exchange Commission. The list of factors discussed  therein is not exhaustive; when relying on forward-looking statements to make  investment decisions, you should carefully consider both these factors and  other uncertainties and events. Forward-looking statements apply only as of  the date on which they are made, and we do not undertake any obligation to  update or revise any of them, whether as a result of new information, future  events or otherwise.  About Sasol:  Committed to excellence in all we do, Sasol is an international integrated  energy and chemical company that leverages the talent and expertise of our  more than 34 000 people working in 37 countries. We develop and commercialise  technologies, and build and operate world-scale facilities to produce a range  of product streams, including liquid fuels, high-value chemicals and  low-carbon electricity.  While remaining committed to our home-base of South Africa, Sasol is expanding  internationally based on a unique value proposition.    SOURCE  Sasol  Issued by: Alex Anderson, Group Media Manager, Direct telephone  +27-(11)-441-3295; Mobile +27-(0)71-600-9605;; Jacqui  O'Sullivan, GM: Group Communication, Direct telephone +27-(11)-441-3252;  Mobile +27-(0)82-883-9697;  To view this news release in HTML formatting, please use the following URL:  CO: Sasol ST: South Africa NI: CHM OIL ORDER  
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