Nasan Energies cleared to acquire 52 fuel stations across Namibia

Nasan Energies has received approval to acquire 52 fuel service stations operating under the Engen and Shell brands from Vivo Energy Namibia, marking one of the most significant shifts in Namibia’s retail fuel sector in recent years.

The approval follows a public consultation process led by the Namibia Competition Commission, where stakeholders and members of the public were invited to weigh in on the proposed acquisition. The transaction received broad support during the consultations.

Managing Director Jean-Blaise Ollomo welcomed the decision, describing it as the culmination of a two-year process.

“We are pleased with the outcome and remain committed to maintaining international operational standards while exceeding public expectations,” Ollomo said. He added that the company will now engage dealers and stakeholders to finalise implementation.

The acquisition stems from Vivo Energy’s 2024 purchase of Engen’s parent company from Petronas, which included the Namibian business. Following a competitive evaluation process assessing technical and financial capabilities, Nasan Energies was selected as the preferred bidder for the divestiture.

Co-founder Miguel Hamutenya said the company is ready to move swiftly, with rebranding of the service stations expected to begin before the end of March.

“We’ve been preparing for this transition and will roll out changes across the country. The focus will remain on trusted service, with stronger support for local suppliers and service providers,” he said.

Once completed, the deal will position Nasan Energies as Namibia’s third-largest fuel retailer by site count, behind Puma Energy and Vivo Energy.

The move is expected to reshape a sector long dominated by multinational operators, with Nasan Energies positioning itself as a locally owned alternative focused on service delivery, diversification, and local economic participation.

The company says it aims to build a sustainable energy business while expanding opportunities for Namibian suppliers and professionals, as part of a broader push to strengthen local ownership in the oil and gas sector.