Nasan Energies to acquire 53 stations from Vivo Energy in Namibia
Privately owned company set to become one of the country’s first local oil marketing champions.
Nasan Energies Namibia has reached an agreement with Vivo Energy Namibia to acquire 53 Engen- and Shell-branded service stations. The transaction, which is subject to approval by the Namibian Competition Commission, would position Nasan Energies as one of the first major locally owned oil marketing companies in the country.
The sale follows Vivo Energy’s 2024 purchase of Engen Limited from Petronas, which included Engen Namibia. As part of regulatory conditions, Vivo Energy was required to divest a portion of its retail assets to maintain market competition. After a review of technical expertise and financial proposals, Nasan Energies emerged as the preferred bidder.
“We are pleased to have reached this agreement with Nasan Energies, which not only fulfils the regulatory requirements to maintain the competitive landscape of oil marketing companies in Namibia, but also provides clarity for dealers and partners,” said Jaco Van Rensburg, Managing Director of Vivo Energy Namibia.
For Nasan Energies, the deal represents both a business milestone and a step toward greater local ownership in Namibia’s energy industry. “We do not work in isolation, but towards government’s appeal for locals to take ownership of Namibian resources and drive job creation,” said co-founder Miguel Hamutenya. “This transaction will elevate Nasan Energies to become a leading player in Namibia’s retail fuel market, reshaping an industry traditionally dominated by multinational operators.”
If approved, the acquisition will create a new local champion in Namibia’s fuel retail landscape, advancing both competition and national participation in the energy sector.
