>
> PRODUCTION COST US $ 5.00/ Barrel ????
Woow .
Si-Abah
________________________________________________________________________
>
> Rekans
>
> Ini info yang lebih baru ,kelihatannya sangat menarik ya CTL itu !!!
> Memang proyek di China itu US`3 Billion , ya mirip dengan hasil
> penjualan
> KPC dan Arutmin .
>
> Next Sasol's project will be in Indonesia ?????
>
> Si Abah
>
> _________________________________________________________________________
>
> Sasols star rises in Beijing
> By: Barry Sergeant
> Posted: '06-MAR-06 15:37' GMT © Mineweb 1997-2004
>
>
>
> JOHANNESBURG (Mineweb.com) --Sasol CEO Pat Davies could hardly hide his
> enthusiasm during presentation of the groups half-year results at his
> companys Johannesburg head office on Monday. China has all the oil it
> needs, Davies told a large, puzzled audience. He then explained that if
> just 10% of Chinas existing coal reserves were to be converted to liquid
> fuels, that would be equal to the combined crude oil reserves of the
> world.
>
> The bridging factor, of course is Sasol, with its cutting-edge
> technologies in converting coal into liquid fuels (coal-to-liquid, CTL)
> and its close relative, gas-to-liquid (GTL). Sasol already in November
> completed pre-feasibility CTL studies in China, and is now discussing the
> framework for developing feasibility study stage two.
>
> In South Africa, Sasol currently converts some 45 million tons of coal a
> year and 200 million cubic feet of gas a day to produce around 160,000
> barrels of liquid fuel products daily. It also separately refines 108,000
> barrels of crude oil a day. But Sasols negotiations with China are not
> about technologies alone, not by a long way.
>
> For one thing, tax recently became a potentially big issue for Sasol in
> South Africa, when finance minister Trevor Manuel on March 15 hinted that
> the group could be hit with a windfall tax, apparently for having become
> too good at what it does. Sasol is already one of the biggest, if not the
> biggest, corporate taxpayer in South Africa. At Mondays presentation,
> Davies said he was not yet aware that a task group, which the minister had
> hinted at, had been established.
>
> Negotiations with China thus include discussions around an agreed taxation
> regime, with long-term settlement on that no doubt key to Sasols
> decisions to build two CTL plants in Chinas Ningxia Huizu region. Various
> presentations by Sasol have indicated that two world scale CTL plants, as
> mooted for China, could cost $3 billion each. On Monday, Sasol presented
> the round figures for a typical world-scale CTL plant.
>
> Such a plant would have 80,000 barrels per day (equivalent) name plate
> capacity, with the output divided into 66% diesel, and 34% naphtha & LPG
> (liquid petroleum gas). Such a plant would consume 15 19 million tons of
> coal a year. Putting aside the capital costs for a moment, at coal prices
> of $10 a ton, feedstock costs for such a CTL plant would work out at
> around $5 per barrel equivalent.
>
> Other direct operating costs would then add about $15 a barrel equivalent,
> to take non-capital costs to about $20 a barrel. While these figures look
> very good indeed when crude oil is changing hands at about $60 a barrel,
> Sasol reiterated again in its presentation that host government fiscal
> support is essential for world-scale projects to go ahead.
>
> But Sasols forward profile is now far more diversified than just possible
> CTL plants in China. The Sasol group (which is also a sizeable chemicals
> producer) may be a smallish player in the international energy arena (its
> $21 billion market value compares with, say, $373 billion for Exxon
> Mobil), but its technologies rate it as a world leader.
>
> The international publication Business Week recently said says Sasol is
> already enjoying huge commercial success in an arena that has eluded US
> companies -- making fuel from coal. It is embarking on a program to brew
> clean-burning diesel from natural gas. It may even link up with coal
> producers in the US heartland. Beyond the possible CTL plants in China,
> Sasol on Monday confirmed that its involved with the preliminary
> evaluation of opportunities in the US and India.
>
> On the gas-to-liquids front, the commissioning of Sasols GTL facility in
> Qatar in a few months will see it remaining out front, and at least three
> years of its closest competitors. Also in GTL, Sasol continues with
> pre-feasibility studies for the Escravos GTL expansion 66,000 barrels a
> day in Nigeria. There is also technical feasibility work being
> undertaken in respect of two additional Qatari projects, plus a
> pre-feasibility study underway for an Australian GTL venture.
>
> The capital expenditure costs are massive. During the half-year to 31
> December 2005, Sasols cash flow capital expenditure added up to R6.1
> billion. Major projects advanced included the fuel quality enhancement and
> polymer expansion project (Project Turbo) in South Africa, the Oryx GTL
> venture in Qatar and the Arya Sasol polymers project in Iran.
>
> Going forward, Sasols offshore interests underpin re-engineering of its
> geographic risk profile. Of the R15bn the group has earmarked for capital
> project expenditure over the next five years, 46%, or R6.9 billion, is
> allocated to South Africa. This is followed by Rest of Africa at 30%, and
> the Middle East with 18%, with relatively small figures allocated for
> Europe, US and the rest of world.
>
> In its latest reported half year, Sasol reported headline earnings per
> share increasing by 67% to R11.58. Operating profit increased by R4.6
> billion (71%) to R11.1 billion. Higher average international oil prices
> boosted operating profit by about R2.9 billion, after taking into account
> the negative effect of the Sasol Synfuels oil production hedge incurred in
> the previous reporting period of around R700 million. The benefit was
> enhanced by the positive impact of the weaker rand which lifted operating
> profit by some R600 million.
>
> The benefit of higher international crude oil prices was, however, only
> realised in the energy and fuel-related businesses with adverse effects
> being reflected in the chemical businesses following higher oil-derivative
> feedstock costs. Margins, moreover, were adversely affected in most of the
> chemical businesses by a reduction in international chemical commodity
> prices.
>
> As to the second half of this financial year, to 30 June 2006, Sasol
> anticipates considerably lower earnings than in the first half, leaving,
> of course, pleasing growth for the year as a whole, given the hugely
> above-trend growth seen in the first half. The guidance down on
> second-half earnings assumes lower oil and commodity chemical prices and a
> stronger rand relative to the first half.
>
>
>
>
>
>
>
> © Mineweb, a division of Moneyweb Holdings Limited, 1997-2004.
> Redistribution or reproduction of this content, whether by e-mail;
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