The intention was to form a new liquid
fuels
business to be called Uhambo Oil Limited. The factors that could cause our
actual results to differ
materially from the plans, objectives,
expectations, estimates and intentions expressed in such
forward
-looking statements are discussed more fully in our most recent
annual report under the Securities
Exchange Act of 1934 on Form 20-F
filed on October 29, 2004 and in other filings with the United
States
Securities and Exchange Commission., The best vacation for you can be
found by searching
the online database http://www.
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Business Editors/Energy Writers
JOHANNESBURG, South Africa
----South
African energy and chemical company Sasol Ltd, Malaysian National
petroleum corporation
Petronas and black economic empowerment partners
Tshwarisano LFB Investment and Afric Energy Resources
(a wholly-owned
subsidiary of Worldwide African Investment Holdings) today noted the
South African
Competition Commission's recommendation to the South
African Competition Tribunal regarding their
proposed liquid fuels
joint venture, to be called Uhambo Oil Ltd.
Information on Engen
Engen's core business entails refining crude oil, marketing and
retailing primary refined petroleum
products and providing consumer
convenience services through its retail network.com .
America
Outdoors is the largest association of the nation's adventure
travel and tour operators.posting rifle
Uhambo means
"a
journey" in both IsiXhosa and IsiZulu. These
are forward-looking statements as defined in the
U."
America Outdoors' members offer rafting, kayaking, hiking, family trips,
horseback riding
, cycling, adventure camps, guest ranches and other back
country adventures.hunt taxidermy
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Based in South Africa
and operating in 15 other countries
throughout the world, Sasol is the leading provider of liquid
fuels in
South Africa and a major international producer of chemicals, using a
world leading technology
for the commercial production of synthetic
fuels and chemicals from low- grade coal. In the future
Sasol expects
to apply this technology to convert natural gas to diesel and
chemicals.
Wholly
-owned by the Government, the corporation is vested with the
entire oil and gas resources in Malaysia
and is entrusted with the
responsibility of developing and adding value to these resources.
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The company
also manufactures and markets synthesis gas and operates the only
inland crude
oil refinery in South Africa. Internet address:
www.
The Group is engaged in a wide spectrum of
petroleum activities,
including upstream exploration and production of oil and gas to
downstream
oil refining; marketing and distribution of petroleum
products; trading; gas processing and liquefaction;
gas transmission
pipeline network operations; marketing of liquefied natural gas;
petrochemical
manufacturing and marketing; shipping; automotive
engineering; and property investment
For the
financial year ended March 31 2004, Petronas recorded
revenue of US$25.adventurevacation.fishers outfitter
The
new business will include a 25% BEE shareholding comprising
AER and Tshwarisano LFB Investment. In
South Africa Engen
has in the region of 1 250 service stations and in the region of 450
Quickshop
convenience stores.outfitters outfitter
In February 2004, the Worldwide board of
directors decided the company should
continue to build on its
experience in the oil industry and to focus on the energy sector in
its
broader sense. While it is expected that the
Maduna group will take an important position in this
transaction,
Tshwarisano will also involve previous shareholders of Exel who
currently hold shares
in Sasol Oil, as well as Batho Trust (a
broad-based empowerment trust) and other broad-based BEE
interests,
including women's groups. Internet address: www. By their very nature,
forward-looking
statements involve inherent risks and uncertainties,
both general and specific, and there are risks
that predictions,
forecasts, projections and other forward-looking statements will not
be achieved
. If one or more of these risks materialize, or should
underlying assumptions prove incorrect, actual
results may be very
different from those anticipated. Find a cool, family float trip down a
scenic
river or a horseback trip through a mountain wilderness on this
information-packed website. With
more than 500 members operating in over 40
states and 50 foreign countries, America Outdoors' members
offer a wide
variety of experiences.buddies outfitters
As at end of March 2004, the PETRONAS Group comprised 93
wholly
-owned subsidiaries, 19 partly-owned outfits and 55 associated
companies.posting outfitters
Notes for editors:
In November 2004 Sasol Ltd, Petronas (the majority owner of
Southern African-based fuel company
Engen Ltd), Tshwarisano LFB
Investment and Worldwide African Investment Holdings - through its
wholly
-owned subsidiary Afric Energy Resources (AER) - announced that
they intended to form a joint venture
between Engen and Sasol's liquid
fuels businesses (Sasol Oil).
If the go-ahead is given by the
South African Competition
Tribunal, Uhambo is expected to be trading as soon as possible
thereafter
.
Sasol LFB's turnover for the year ended June 30 2004 was R18
851-million and operating profit
for this period was R1 429-million. Forward-looking statements apply
only as of the date on which
they are made, and we do not undertake
any obligation to update or revise any of them, whether as
a result of
new information, future events or otherwise.
America Outdoors also has available
a free four-color 56 page Directory of
Outfitters.This category is for sites that contain alphabetical
or classified lists of resources about any/all aspects of hunting.
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Information on Tshwarisano
Dr Penuell Maduna, the former South African cabinet minister, is
leading a group of BEE investors
for Tshwarisano.S. Two million families and individuals participated in
outdoor recreation and learning
experiences with members of America
Outdoors(R) last year. Member companies operate in national
forests,
national parks and recreation areas, and in other backcountry areas.harvested rifle
Almost 80% of the
company's revenue was derived from its export and
international operations. "Our website has information
on planning an
adventure vacation, how to find the right outfitter for your needs, what to
expect
on the trip and how to evaluate a trip to determine if it's right for
your family.barrels rifle
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petronas
. Engen is represented in 13 countries outside
South Africa: Namibia, Botswana, Swaziland, Lesotho
, Zimbabwe, Zambia,
Kenya, Mozambique, Uganda, Tanzania, Burundi, the Democratic Republic
of the
Congo (DRC) and Ghana.engen.adventurevacation.
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Joint Statement:
Shareholders in Proposed Uhambo Liquid Fuels Joint Venture Welcome Competition Commission Announcement
co. Private
Securities Litigation Reform Act of 1995.
Interest in adventure travel continues
to grow as tour operators and
outfitters offer more family friendly excursions, and 'soft' adventure
experiences that appeal to people of all physical and skill capabilities.alphabetical swaziland
"We welcome the Competition
Commission's recommendation for
conditional approval of the joint venture to the Competition
Tribunal
," said the parties in a joint statement.za
Information on Sasol LFB
Sasol LFB includes
all of Sasol's assets in the liquid fuels
business, encapsulating the entire value chain from crude
oil
procurement for Sasol's 63.6% stake in the Natref refinery to
receiving blending components
from the Sasol Synfuels refinery at
Secunda (potentially to reduce, as a result of this transaction
, to
50%).
"Creating life-long memories begins with selecting the right trip," says
David
Brown of America Outdoors.doe eat
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Information on Worldwide
Worldwide is a black-owned and managed
investment holding company
founded in 1994. Worldwide's shareholding in Engen is the
company's
biggest investment. He is responsible
for facilitating and structuring a broad-based and representative
BEE
consortium associated with the Sasol LFB that will participate in the
joint venture through
, Tshwarisano. Words such as "believe",
"anticipate", "expect", "intend", "seek", "will", "plan",
"could",
"may", "endeavor" and "project" and similar expressions are intended
to identify such
forward-looking statements, but are not the exclusive
means of identifying such statements.huntin outfitters
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Information on Petronas
PETRONAS, short for Petroliam Nasional Berhad, is Malaysia's
national
petroleum corporation established on 17 August 1974.2-billion.rifle agreement
Uhambo will comprise Engen's Enref
oil refinery at Durban, Sasol's
share in the Natref crude oil refinery at Sasolburg in the northern
Free State, Sasol's liquid fuels produced from synfuels components
produced at the blending facility
in Secunda and significant marketing
operations branded as Engen, Sasol, Exel and Zenex in South
Africa, as
well as liquid fuel operations in 13 other sub-Saharan African
countries.
Information
on Sasol
Sasol, with a market capitalisation of approximately USD 16
billion, is an integrated
oil and gas group with substantial chemical
interests.com. This new
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Many outfitters offer specialty programs that are designed specifically for
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sasol.com and click on Free Travel Directory
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Internet address: www. Engen owns and manages a 125 000 barrel
a day (bbl/d) crude oil refinery
and a state-of-the-art lubricants
blending plant at Durban. All of Sasol's assets in distribution
and marketing, as well as
assets in the marketing and storage of fuel oil, are also included.Find
the Best Vacation for You at www.adventurevacation.com
In
addition, there are family camps and
lodges that provide adventure activities
during the day and lodging in cabins at night. To get your
copy call 865-558-3597, or
visit http://www.whitetail tanzania
Disclaimer
We may in this document make
statements that are not historical
facts and relate to analyses and other information based on forecasts
of future results and estimates of amounts not yet determinable. KNOXVILLE, Tenn.fishers alphabetical
Sasol manufactures
over 200 fuel and chemical products that
are sold in more than 90 countries and also operates coal
mines to
provide feedstock for synthetic fuels and chemical plants.
Since its incorporation PETRONAS
has grown to be an integrated
international oil and gas company with business interests in 35
countries
.7-billion and an after-tax profit of US$6. The company's involvement in the oil industry
pre-dated
the South African Liquid Fuels Charter of 2000 when it
invested in Afric Oil in 1995 and followed
with the acquisition of a
51% stake in Zenex in 1997. Engen's turnover for the year ended
March
31 2004 was R18 178-million and operating profit for this period
was R752-million.barrels huntseek
Over the last
decade, Worldwide has undertaken
substantial investments in several economic sectors, most notably
in
the oil, financial services, telecommunications and information
technology industries. The
former Exel shareholders include a trust
with rural women as beneficiaries, a pension and provident
fund with
members who are pump attendants, service station owners and an eminent
women's group
.hunting rifle
A community sponsored library.
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