What is Nasan Energies' strategic focus following its acquisition of fuel stations from Vitol's unit?

Nasan Energies plans to expand operations to service Namibia’s offshore oil industry—including companies like TotalEnergies SE and Shell Plc—by supporting vessels, rigs, and offshore activity linked to recent oil discoveries; co-founder Miguel Hamutenya stated that the acquired retail sites are 'really just the start of this oil marketing company.'

How did the Namibian government's emergency fuel supply decision affect the relationship between Nasan Energies and Vitol?

Although Namibia’s competition commission had prohibited Vitol from supplying fuel to the 52 stations it sold to Nasan, the Minister of Industries, Mines and Energy later overturned that condition when awarding Vitol an emergency fuel supply deal; however, Hamutenya emphasized that Nasan has 'absolutely nothing whatsoever' to do with Vitol and no direct relationship with the company.

Namibia Fuel Retailer Nasan Sees Oil Growth After Vitol Deal

Jul 22, 2026

Nasan Energies plans to expand into offshore oil services after acquiring stations from Vitol Group. The retailer aims to capitalize on growing exploration activity by majors like TotalEnergies and Shell in Namibia's emerging oil hotspot.

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Namibia Fuel Retailer Nasan Sees Oil Growth After Vitol Deal

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