SASOL Ltd and Engen Ltd will merge their liquid fuels business to create a leading South African entity with a petrol, kerosene and diesel refining capacity of about 14 billion litres a year, a statement from Petroliam Nasional Bhd (Petronas) said.
Petronas and African Investment Holdings, a black economic empowerment (BEE) company, hold stakes of 80% and 20%, respectively, in Engen.
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