Sasol confirms Rompco pipeline sale ‘well advanced’ as asset disposal process kicks into gear

Chemicals and energy group Sasol confirmed on July 1 that the sale of its equity interest in the Republic of Mozambique Pipeline Investment Company (Rompco) and the Central Termica de Ressano Garcia gas-fired power plant, also in Mozambique, were well advanced, along with partnering discussions for its base chemicals assets, in the US. In a statement to shareholders, the JSE-listed group officially confirmed that the 865-km gas pipeline, in which it has a 50% share, would be sold.