Subscribe to FDD

Sasol

South Africa

 

 

 

 

Date: March 2003

Deal: According to a South African news publication, Sasol subsidiary African Amines agreed to a plea bargain in South Africa's Durban Regional Court in November 2004 for exporting 120 tons of dimethylamine to Iran in March 2003 without a permit. Dimethylamine is used as an agricultural herbicide, but can also be used in producing chemical weapons. African Amines is jointly owned by Sasol and Air Products South Africa, and it delivered the chemicals to the Iranian firm Sasadja Moavenate Bazargani, which Germany and Japan list as a weapons of mass destruction end-user. (Mail and Guardian (South Africa), February 18, 2005).

Date: February 2003 – Ongoing

Deal: According to Sasol's 2009 filing with the U.S. Securities and Exchange Commission (SEC), in 2003, the company entered into a 50:50 joint venture to form the Arya Sasol Polymer Company with Iran's Pars Petrochemical Company. Arya Sasol was responsible for building and operating an ethylene complex. (U.S. Securities and Exchange Commission Form 20F: Sasol Ltd., October 9, 2009).

Sasol's German subsidiary, Sasol Polymers Germany GmbH, was responsible for the $900 million joint venture and construction of the plants, according to a Sasol company publication (Investor Insight, December 2004). The project became fully operational in 2009, according to the company's SEC filing (U.S. Securities and Exchange Commission Form 20F: Sasol Ltd., October 9, 2009).

The facilities are located in Assaluyeh, Iran, according to an industry publication (Chemicals-Technology.com, accessed July 19, 2010).

In December 2011, Sasol announced it was exploring divesting its stake in the project, according to an industry publication (Steel Guru, December 5, 2011).

Date: 2004 – 2006

Deal: According to an industry publication, Sasol paused plans for a gas-to-liquids (GTL) plant in Iran in 2006 over concerns about U.S. sanctions. For over two years, Sasol and Iran's National Petrochemical Company had been in talks to build a plant that would use gas from South Pars (International Petroleum Finance, April 10, 2006).

Date: 2009

Deal: According to Sasol's 2009 U.S. Securities and Exchange Commission (SEC) filing, Sasol is a majority stakeholder in South Africa's Natref refinery, which purchased 12,000 bpd of crude oil from Naftiran Intertrade Company for feedstock (U.S. Securities and Exchange Commission Form 20F: Sasol Ltd., October 9, 2009).

Date: Ongoing

Deal: According to the company's website, Sasol supplies its products to Iran through its subsidiaries Sasol Middle East and Sasol Gulf (Sasol Website, August 13, 2009).

U.S. Business Ties: According to Sasol's website, the company has a sales and distribution network for its solvent products in North America and a bulk supply facility located in the United States. (Sasol Website, July 27, 2009). The company's chemicals division, Sasol Olefins & Surfactants, has alcohol manufacturing plants in several countries, including the U.S., according to Sasol's website (Sasol Website, May 28, 2008). The company has been listed on the New York Stock Exchange since 2003.

According to its website, Sasol has a U.S.-based subsidiary, Sasol North America, that employs roughly 700 people and has manufacturing facilities across the country. The company operates under Sasol Olefins & Surfactants, based in Germany (Sasol North America Website, accessed July 19, 2010).

According to USASpending.gov, in 2008, Sasol Ltd. received $1,531,500 in U.S. government contracts, all from the Department of Defense (USASpending.gov, accessed July 19, 2010).