The Court Ruled In Favor Of Sasol Oil And Totalenergies, Awarding Sasol Oil R3.89B In Damages Plus Approximately R2.3B In Interest
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Oil & Gas Production
Energy
- In 2017, Sasol Oil followed TotalEnergies in instituting legal action against Transnet for damages arising from Transnet's breach of its obligation to set pipeline tariffs for conveyance of crude oil in terms of an agreement that had been entered into between the parties in 1991. The result of the breach was that Transnet overcharged Sasol Oil for the conveyance of crude oil over a number of years.
- The litigation between the parties has been ongoing for years and a number of issues in the matter have been determined by the High Court, Supreme Court of Appeal and Constitutional Court respectively.