Caltex to return to Namibia
Chevron Brands International has entered into a long-term retail trademark licensing agreement with Bachmus Oil and Fuel Supplies, marking the return of the Caltex brand to fuel retailing in Namibia.
Chevron has appointed Bachmus as Chevron's licensee of the Caltex brand to sell, market and distribute fuels under the Caltex brand in Namibia, with a view to growing the Caltex-branded service station network across the country.
This agreement further strengthens Chevron’s presence in Namibia, where in 2022 the company reentered the oil and gas upstream business, becoming the operator of the Petroleum Exploration Licence (PEL) 90, an offshore deepwater block located in the Orange Basin.
In April 2024, the company also signed an agreement to acquire an 80% operating interest in the offshore block PEL 82 in the Walvis Basin.
Support growth
Commenting on the agreement, Danielle Lincoln, vice president of Chevron International Products, said Caltex's re-entry into Namibia was because of its confidence in the Namibian market.
“Re-entering the Namibia retail market is a significant milestone for Chevron. Through a network of retail fuel sites nationwide, we plan to build the strength of the Caltex brand in close collaboration with
Bachmus. The brand promises quality and reliable energy to motorists in Namibia. We are confident that this partnership will generate new growth opportunities, and look forward to a long and successful
relationship," Lincoln said.
Corne Schalkwyk, MD of Bachmus Oil and Fuel Supplies, said the partnership with Caltex would bring about value for consumers of oil products.
“We are honoured to partner with Chevron as they return to Namibia’s retail market with its Caltex brand. Bachmus has the expertise and the infrastructure to support the growth of Caltex-branded fuel stations in Namibia. We believe the synergies between Bachmus and Chevron will bring great value to consumers in the form of quality products and services. We look forward to collaborating closely with them to provide energy solutions to the Namibian market," Schalkwyk said.
Puma Energy acquired Chevron's 26 service stations in 2011, marking the exit of the American oil company at the time.
Chevron has appointed Bachmus as Chevron's licensee of the Caltex brand to sell, market and distribute fuels under the Caltex brand in Namibia, with a view to growing the Caltex-branded service station network across the country.
This agreement further strengthens Chevron’s presence in Namibia, where in 2022 the company reentered the oil and gas upstream business, becoming the operator of the Petroleum Exploration Licence (PEL) 90, an offshore deepwater block located in the Orange Basin.
In April 2024, the company also signed an agreement to acquire an 80% operating interest in the offshore block PEL 82 in the Walvis Basin.
Support growth
Commenting on the agreement, Danielle Lincoln, vice president of Chevron International Products, said Caltex's re-entry into Namibia was because of its confidence in the Namibian market.
“Re-entering the Namibia retail market is a significant milestone for Chevron. Through a network of retail fuel sites nationwide, we plan to build the strength of the Caltex brand in close collaboration with
Bachmus. The brand promises quality and reliable energy to motorists in Namibia. We are confident that this partnership will generate new growth opportunities, and look forward to a long and successful
relationship," Lincoln said.
Corne Schalkwyk, MD of Bachmus Oil and Fuel Supplies, said the partnership with Caltex would bring about value for consumers of oil products.
“We are honoured to partner with Chevron as they return to Namibia’s retail market with its Caltex brand. Bachmus has the expertise and the infrastructure to support the growth of Caltex-branded fuel stations in Namibia. We believe the synergies between Bachmus and Chevron will bring great value to consumers in the form of quality products and services. We look forward to collaborating closely with them to provide energy solutions to the Namibian market," Schalkwyk said.
Puma Energy acquired Chevron's 26 service stations in 2011, marking the exit of the American oil company at the time.
Comments
Namibian Sun
No comments have been left on this article