South Africa’s Sasol Ltd. said it is trying to diversify away from Iranian oil as sanctions from the U.S. and Europe increase pressure on those doing business with Tehran, The Wall Street Journal reported.
asol, which is the world’s largest producer of motor fuels from coal, depends on Iranian oil imports for 20% of its crude, which calculates to 12,000 barrels a day, at its Natref refinery, the Journal report said.
“In view of recent developments regarding trade restrictions and possible oil sanctions against Iran, Sasol Oil is diversifying its crude oil sourcing,” a company spokeswoman said to the Journal, declining to give further details.
