Nasan Energies fuels up: Acquires 53 Engen and Shell stations

Ogone TlhageNasan Energies Namibia will acquire 53 Engen and Shell branded fuel service stations, subject to approval by the Namibia Competition Commission (NaCC), it announced. Nasan Energies is a Namibian energy company specialising in the marketing, supply and trading of refined petroleum products. It is one of the first privately owned major local oil marketing companies in the country and is expected to become the third-largest player in Namibia’s retail fuel market by number of sites, behind Vivo Energy and Puma Energy.Vivo Energy Namibia’s MD, Jaco van Rensburg, said the move would help maintain a competitive landscape of oil marketing companies. “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,” van Rensburg said. Nasan’s co-founder, Shiraz Tobias, said the company’s name 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 their 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.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 NaCC determined that Vivo Energy would have to sell a number of its service stations to uphold a fair and dynamic market. Wonder GuchuAldoro Resources’ decision to sell its non-core assets in Australia and redirect focus to Namibia marks a turning point, not just for the company, but also for the country’s growing profile as a global destination for critical minerals exploration.The company has entered into agreements worth approximately A$3.3 million (around N$41.4 million), disposing of its Niobe, Narndee and Wyemandoo projects in Western Australia, as well as EPL 7895 in Namibia.The transactions include a deal with Sultan Resources Ltd, under which Aldoro will receive 286.4 million Sultan shares, a cash deposit and deferred milestone-linked payments, alongside the sale of Wyemandoo to Coppermoly Ltd for A$100 000. Shareholders are set to receive a one-for-one distribution of Sultan shares, ensuring direct benefit from the restructuring.These divestments clear the way for Aldoro to channel resources into its flagship Kameelburg Niobium-REE Carbonatite Project, located on EPLs 7372 and 7373 in the Kunene Region. The move positions Aldoro as the second Australian explorer, after Askari Metals, to divest closer-to-home projects in order to prioritise opportunities in Namibia.Phase 2 plannedPhase 2 exploration campaigns are already planned, with drilling scheduled to target heavy rare earths at Omuronga EPL 7373 and further test high-grade niobium zones at Kameelburg EPL 7372. Two new diamond drilling rigs - the Nock 600 and Nock 800 - are due to arrive in the country by late September 2025, underscoring Aldoro’s intention to move swiftly.Chairperson Quinn Li described the divestments as “a clean and well-structured disposal of our non-core assets” and emphasised that the company can now focus squarely on Namibia. “With these assets now divested, Aldoro can sharpen its focus on our upcoming Phase 2 campaigns at the Kameelburg Project,” Quinn said. “This includes drilling at Omuronga EPL 7373 targeting heavy rare earths and further drilling at Kameelburg EPL 7372, where high-grade niobium zones have recently been identified.”Aldoro’s pivot mirrors the approach taken by Askari Metals Limited, which earlier in 2025 sold its Burracoppin Gold Project in Western Australia for A$700 000 (about N$8.75 million). That deal freed Askari to accelerate exploration in Namibia and Ethiopia, with its Uis Project in Namibia now central to its growth plans. Like Aldoro, Askari used divestments at home to avoid shareholder dilution and redirect resources into African critical minerals.Both companies’ decisions highlight a broader trend: Namibia’s mining sector is no longer an optional outpost for juniors but increasingly the strategic heart of operations. The country’s geological profile, hosting tin, niobium, tantalum, lithium, uranium, and rare earth elements, aligns perfectly with the global surge in demand for materials used in clean energy and high-tech manufacturing.

Nasan Energies fuels up: Acquires 53 Engen and Shell stations

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Republikein 2025-12-18

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Nasan Energies fuels up: Acquires 53 Engen and Shell stations

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