Iran: Sasol pulls out

South Africa’s Sasol has sold its stake in the Iranian joint venture Arya Sasol Polymer Company. In a statement on 19 August, Sasol said Sasol Investment Company, a wholly owned subsidiary of Sasol, had sold 100% of its shares in SPI International (the indirect owner of a 50% interest in Arya) to Main Street 1095, a South African subsidiary of an Iranian investor, on 16 August. “As a result of this transaction, Sasol has no ongoing investment in Iran,” the statement said.