Sasol CEO
David Constable
 
Maputo, Mozambique — 13 March 2013 – South African petrochemical group Sasol has expressed interest in purchasing one of stakes that are up for sale in the Rovuma basin oil blocks in northern Mozambique, if the selling price is acceptable.

“We are interested in assessing how we can work with the current owners of the blocks in the Rovuma basin, seeing what their needs are and how we can help them transform the natural gas there into cash using our technologies,” CEO David Constable told financial news agency Reuters in an interview quoted by Macauhub News Agency.

US group Anadarko Petroleum and Indian group Videocon Industries announced that they each plan to auction off a 10% stake in the Area 1 block of the Rovuma basin, and Italian group ENI has said it is in talks with the China National Petroleum Corp to sell part of its 70% stake in another block.

The Sasol group is the first in the world to produce liquid fuel from coal, but has been investing in building factories to process natural gas into fuel and a variety of chemicals.

Constable also said that he had had an audience with the Mozambican President to discuss the possibility of Sasol, which has operated in Mozambique since 2004, helping to develop local industries supplied with energy made from natural gas.

Source: Macauhub News Agency. For more information, click here.