Windhoek, Namibia. 17th September 2025 — Nasan Energies Namibia (Pty) Ltd announced that it has agreed with Vivo Energy Namibia to acquire 53 Engen and Shell-branded fuel service stations, in a landmark transaction. The acquisition, which is subject to approval by the Namibian Competition Commission, marks a historic moment for Namibia’s energy sector.

In May 2024, Vivo Energy completed the purchase of Engen Limited from Petronas, which included the Engen Namibia business; however, as part of the regulatory process, the Nambian Competition Commission determined that Vivo Energy would have to sell a number of its service stations to uphold a fair and dynamic market. Following a thorough evaluation process that assessed both technical expertise and financial proposals, Nasan Energies was selected as the preferred bidder.

Vivo Energy Namibia’s Managing Director, Jaco Van Rensburg, stated: “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. We look forward to working closely with Nasan Energies to ensure a smooth transition as we work to complete the transaction.”

One of the three founders of Nasan Energies, Miguel Hamutenya, thanked the team for its dedication and commitment: “We do not work in isolation, but towards government's appeal for locals to take ownership of Namibian resources and drive job creation. Nasan Energies will emerge as one of the first locally owned major oil marketing companies (OMCs) in Namibia. The transaction will elevate Nasan Energies to become a leading player in Namibia’s retail fuel market, reshaping an industry traditionally dominated by multinational operators,” he added.

Co-founder Shiraz Tobias placed emphasis on Nasan’s Namibian heritage: “The name “Nasan” is derived from ‘Na’ for Namibia – where the company is headquartered – and ‘San’ from the Khoisan, considered to be one of the oldest cultures in the world. The Khoisan are renowned for resilience and adaptability in some of the world’s harshest climates, of which these traits are at the heart of Nasan Energies’ ethos – to be dynamic, adaptable and resilient in the competitive energy sector,” he added.

Collectively, the founders and leadership team bring deep expertise in downstream oil, gas, fuel retail, and distribution. This was highlighted by Sean Tobias, Co-founder, who added that the company’s senior advisor is Jean-Blaise Ollomo, a professional with 30 years of downstream petroleum experience.

Tobias concluded with Nasan’s strategic objectives: “It is up to Namibians to support locally owned entities, to ensure that Namibians remain employed and take the lead.”