Transnet ordered to pay billions in damages following long-running Natref case

Energy group Sasol reports that the High Court has found in favour of Sasol Oil and TotalEnergies in relation to a long-running dispute with Transnet over pipeline tariffs and that Sasol Oil has been awarded damages and interest of more than R6-billion. In 2017, Sasol Oil followed TotalEnergies in instituting legal action against Transnet, whose Transnet Pipelines unit transports crude oil from Durban to the Natref crude oil refinery located in Sasolburg, in which Sasol Oil and TotalEnergies held 63.64% and 36.36% respectively.