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PetroSA Posts FY 2014 Net Loss on Impairment Charge

South Africa-based gas-to-liquids (GTL) specialist PetroSA announced Oct. 21 that it posted an R1.65-billion (US$150-million) net loss for fiscal-year (FY) 2014 because of a R3.4-billion (US$309-million) impairment against its on-shore and offshore oil-and-gas assets.

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Fuels & Processing