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Gold/Mining/Energy : Gasification Technologies
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To: Dennis Roth who wrote (824)4/4/2007 4:48:03 PM
From: upanddown  Read Replies (1) of 1740
 
Dennis

SSL's lack of both candor and information regarding ORYX bothers me.

I calculate 30,000 tonnes as approx 220,000 barrels of diesel. I'm not sure whether this shipment size has to do with the capacity of European product tankers or whether production is cranking up very slowly. From the scanty info available, they appear to have been producing for approx 70 days (and maybe 90 by shipment date).

That shipment size seems low but who knows since we have received nothing about production to date, current production rates and how fast production is rising.

For the largest GTL operation worldwide to have shipping and berthing delays for the first shipment seems lame. I would have thought Sasol, Chevron and Qatar would have gone to great lengths to avoid that after all the prior delays.

Lots of companies try to put their best face on problems but Sasol seems to take it to an extreme.

John
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