Maputo, 24 Sep (AIM) – The South African petrochemical giant Sasol channelled to the coffers of the Mozambican State, over the last year, 6.2 billion meticais (about 92 million US, dollars at the current exchange rate) in taxes.
According to Ovídio Rodolfo, Sasol’s general manager in Mozambique, interviewed by AIM, with this amount, Sasol has consolidated its prominent position in the Mozambican economy, becoming one of the largest taxpayers in the country.
He revealed that, over the past five years, the company has contributed about 25 billion meticais to the state coffers, “confirming its position as a strategic partner for economic development.”
“Compliance with tax obligations is one of the company’s core commitments. We are strictly complying with the payment of all taxes due, and this commitment has earned us several distinctions from the Tax Authority”, he said.
In 2024, Sasol Petroleum Temane (SPT), in the southern province of Inhambane, was recognized as the third-largest payer of corporation tax (IRPC). The previous year, in 2023, the company was recognized in two categories: largest IRPC taxpayer and largest overall contribution in the fiscal year.
Revenue is expected to increase with the entry into production of the Production Sharing Agreement (PSA) Project license. This integrated development asset will produce natural gas, light oil, and liquefied petroleum gas (LPG), for sale in Mozambique, scheduled for the end of 2025.
With an investment of 760 million US dollars, this project will represent a structural change in the national energy matrix, considering that approximately 60 to 65 per cent of the gas produced will be monetized in the domestic market, in contrast to the 20 to 25 per cent currently consumed in the country under the Petroleum Production Agreement (PPA) license, in effect since 2004.
Furthermore, Sasol already supplies gas to five gas-fired power plants in Mozambique, which together produce 450 megawatts of electricity, reinforcing the company’s role in national energy security.
“We have been investing in Mozambique for over 20 years, even during periods of instability, because we believe in the country’s potential. Today, we are creating a domestic market for natural gas and preparing opportunities for young people and local companies in the oil and gas sector”, Rodolfo said.
Another milestone in Sasol’s commitment is the increase in local purchases, with annual expenditure with Mozambican suppliers more than doubling in five years, rising from 16.5 million dollars in 2019 to 37 million in 2024. In the same period, expenditure with companies in Inhambane multiplied fivefold, reaching 13.2 US million dollars.
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