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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.
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El Tribunal Superior de Sudáfrica ordena a Transnet Pipelines pagar a Sasol Oil y TotalEnergies R6 mil millones en concepto de daños y perjuicios por incumplimiento de las tarifas del oleoducto.