Nasan Energies to acquire 53 service stations from Vivo Energy

Windhoek, Namibia, 17 September 2025 – Nasan Energies Namibia (Pty) Ltd has announced an agreement with Vivo Energy Namibia to acquire 53 Engen- and Shell-branded fuel service stations. The transaction, subject to approval by the Namibian Competition Commission, marks a historic step for the country’s energy sector and will establish Nasan Energies as one of Namibia’s first major locally owned oil marketing companies.

The sale follows Vivo Energy’s 2024 acquisition of Engen Limited from Petronas, which included Engen Namibia. As part of the regulatory process, the Commission required Vivo to divest some assets to maintain competition in the retail fuel sector.

Vivo Energy Namibia’s Managing Director, Jaco Van Rensburg, welcomed the agreement:

“This fulfils the regulatory requirements and provides clarity for dealers and partners. We look forward to working with Nasan Energies to ensure a smooth transition.”

One of Nasan Energies’ founders, Miguel Hamutenya, emphasised the significance of local ownership:

“We work towards government’s call for Namibians to take charge of national resources and drive job creation. This transaction will elevate Nasan Energies into a leading player in Namibia’s fuel market, reshaping an industry long dominated by multinationals.”

Co-founder Shiraz Tobias explained the company’s identity:

“The name ‘Nasan’ combines ‘Na’ for Namibia and ‘San’ from the Khoisan people, symbolising resilience and adaptability. These values are central to our ethos as we navigate the competitive energy sector.”

The leadership team includes Sean Tobias and senior advisor Jean-Blaise Ollomo, who brings over 30 years of experience in downstream petroleum. Nasan Energies says its strategic objective is to ensure Namibians remain employed and at the forefront of the sector.

If approved, Nasan Energies will become the third-largest player in Namibia’s retail fuel market, behind Vivo Energy and Puma Energy.