Update on LCCP LDPE Unit and Sasol Publishes Production
- Gas production volumes from the Petroleum Production Agreement in
Mozambique is expected to be 114 – 118 bscf, in line with previous market
guidance;
- Secunda Synfuels Operations full year production is forecasted to be
approximately 7,7 – 7,8 million tons, in line with previous market guidance;
- Natref is targeting production rates of above 600m³/h for the remainder of the
year;
- Energy’s sales volumes are on track to achieve previous market guidance of
approximately 57 – 58 mm bbl for FY20;
- As previously communicated, ORYX GTL expects to achieve a utilisation rate of
55% – 60% for FY20 due to an extended planned shutdown during H2 FY20;
- In line with previous market guidance, Base Chemicals sales volumes (excluding
Polymers US products) are expected to be 1 – 2% higher than the prior year, and
the total sales volumes are expected to be 15 – 20% higher than the prior year;
and
- Given the continuing macroeconomic headwinds and the softer outlook on global
GDP growth in calendar year 2020, Performance Chemicals expects sales
volumes for the full financial year to remain flat to slightly below the prior year’s
level (excluding LCCP). Total sales volumes for the business are expected to be
7 - 9% higher than the prior year.
24 January 2020
Sandton
Sponsor: Merrill Lynch South Africa Proprietary Limited
Date: 24-01-2020 08:42:00
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