Liquid Gold

Doyle, Tim
March 2006
Forbes Asia;3/13/2006, Vol. 2 Issue 4, p16
The article focuses on the natural-gas-to-liquid-fuel manufacturer Sasol in South Africa. Sasol has a fuel plant in Qatar which opened in 2005 and is producing 34,000 barrels a day, and another in Nigeria which is under construction. Sasol's profits rose 61% in 2005 to $1.5 billion on sales of $11 billion. The South African government is imposing a special tax on Sasol due to windfall gains. Sasol is opposing the proposal by noting that the rand cut its gain when repatriating export profits.


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