New deal: for Sasol
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Sasol signs Uzbekistan GTL pact
Sasol said today it had signed a joint venture deal with Uzbekneftegaz and Malaysia's Petronas for its gas-to-liquids project in Uzbekistan, pushing shares up nearly 4%.
Sasol, the world's largest maker of motor fuel from coal, said the plant would produce annually 1.3 million tonnes of products such as diesel, kerosene, naphtha and liquefied petroleum gas.
"The project now moves into the feasibility phase which will be overseen by a joint venture company to be formed between the three partners," it said in a statement.
Shares in the company were trading 3.69% higher at 280.95 rand by 1005 GMT, outpacing a 2% stronger JSE Top-40 blue-chip index.