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Sasol Seeks Exit From Petrochemicals JV in Iran

2:40 PM MDT | April 30, 2012 | —Natasha Alperowicz

Sasol has entered into preliminary talks to divest its stake in Arya Sasol Polymers (Assaluyeh, Iran), an equally owned petrochemicals joint venture with Pars Petrochemical Co., a subsidiary of National Petrochemical Co. (NPC; Tehran). Sasol says it is in discussions with interested buyers as well as representatives of the Iranian and South African governments to ensure consistency of approach. The company is reluctant to divulge further details but says that “as the plant is based in Iran, we obviously engage authorities there, along with South African...

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