JSE-listed petrochemicals giant, Sasol, on Monday said its unit, the Sasol Petroleum International (SPI), had posted a surge in interim profits in Africa, thanks to its volume-producing assets in Mozambique and Gabon.

Sasol said during the period under review these assets increased production significantly with the businesses posting an operating profit of R1.2 billion ($111.3m). It said Mozambique’s overall gas sales surged 12 percent during the six months to December 2013.

The South African integrated energy and chemical company said Pande and Temane gas fields in Mozambique did well during the period under review with the company set for a critical growth in the Production Sharing Agreement (PSA) area in Mozambique.

Gabon’s oil production is gradually diminishing, Sasol admitted. But the firm is currently growing extra volumes to continue the life of that asset.

Paul Victor, the Sasol CFO, said the company is intent on producing cash flow all over its operations, which are spread throughout the world.He said the robust performance of all its businesses delivered shareholder value.

David Constable, the CEO of Sasol, said the firm was going full-steam ahead with the plan to go live with its new operating model which will push less expensive practices and provide important savings for the company.

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