Sasol has agreed to sell its indirect interest in the Escravos GTL plant in Nigeria to Chevron, it said in a JSE-note to shareholders on Wednesday.
Sasol will continue to support Chevron in the performance of the plant.
Weaker oil prices and the global impact of Covid-19 on demand have negatively impacted Sasol, as well as its share price.
Shares in Sasol, which are normally correlated with the price of international oil, have plunged some 57% this year compared to a JSE All Share that is down just under 20%.
Outside of the asset sales, Sasol said it had formed a new explosives partnership with Enaex S.A, by selling its 51% stake in the business.
