Monday, 20 August 2007

Pipleline poser (2)

FOR those who do not read the comments from readers, this recent contribution to the pipeline saga is very interesting. " 1. Dear Trevor (Manuel) promises Sasol there will be no windfall tax. In fact Government 'encourages' Sasol's investment in new plant inland. (From tax to subsidy via one short commission)2. A few days later ...the Department and Minerals and Energy (Gumede) says that iPayipi played and lost - bad luck....3. This means that Petronet are preferred and of course you understand how tight Sasol and Petronet are. Just check the deal they have with the gas line inland to Durban. Again blocking use for inland movement from the coast.4. Coastal refiners will be held hostage as to how much fuel they can move inland - Sasol's product gets put to bed and Petronet control the line for their mates in Secunda.5. Who do you think really backs the Petroline consortium? Don't be suprised if it is Sasol. Let the Maputo line be built and it is a natural outlet for Sasol's excess production from any new plant. The fact that they currently export fuel north when the inland market is short beggars belief!6. So the merger (Sasol/Engen) was kicked out. Sasol don't lie down that easily. And Gautengers will continue to pay too much for their fuel based on the current pricing mechanism. If I was (Premier) Shilowa I would be hopping bloody mad. " Any comments from Sasol?

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