South Africa's High Court orders Transnet Pipelines to pay Sasol Oil and TotalEnergies R6bn in damages for pipeline tariff breach.

South Africa's High Court has awarded Sasol Oil and TotalEnergies a combined R6bn in damages from Transnet Pipelines in a dispute over pipeline tariffs for crude oil. The companies initiated legal action in 2017, alleging Transnet breached its obligation to set tariffs according to a 1991 agreement, leading to overcharging for crude oil transportation since 2008. Transnet plans to appeal the ruling.

June 20, 2024
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