Shenhua Group & Sasol Close to CTL Poject Deal

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Thursday, 26 August 2010 10:26

China Shenhua Group and South Africa-based Sasol are close to agreeing on a joint venture for a coal to oil project with a total investment of US$8 billion to US$10 billion in the Ningxia Hui Autonomous Region, Shanghai Daily reported. Both sides are close to signing an agreement after having had several rounds of discussion on the project in northwest China’s Ningxia region.

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