- Sasol (SSL +1%) says it is considering buying a majority stake in Chevron's (CVX -0.8%) South African assets, including a 110K bbl/day oil refinery and retail stations.
- SSL, the world's biggest maker of fuel from coal, owns coal mines, refineries and service stations in South Africa and exports oil to several regional countries.
- South Africa's energy department said yesterday it would investigate an offer by state-owned Strategic Fuel Fund to buy CVX's assets without seeking clearance.