Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, has signed a long-term retail trademark licensing agreement with Bachmus Oil and Fuel Supplies (PTY) LTD (Bachmus) to launch Caltex fuel retail outlets in Namibia.
Under the agreement, Bachmus will be the licensee of the Caltex brand, responsible for selling, marketing, and distributing fuels in Namibia.
Danielle Lincoln, Vice President of Chevron International Products, said the partnership with Bachmus is expected to build the Caltex brand’s strength in Namibia and generate new growth opportunities for the company.
“Through a network of retail fuels 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,” she said.
Corne Schalkwyk, Managing Director of Bachmus said the agreement will support the growth of Caltex-branded fuel stations in Namibia.
“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 for the 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,” he said.
This comes as Chevron re-entered Namibia’s oil and gas upstream sector in 2022 as the operator of the PEL 90 offshore deepwater block in the Orange Basin.
Additionally, in April 2024, Chevron acquired an 80% operating interest in the offshore block PEL 82 in the Walvis Basin.
Chevron is a leading integrated energy company, focusing on producing crude oil, natural gas, transportation fuels, lubricants, and developing technologies for a lower carbon future.
Bachmus, established in 1994, specializes in supplying lubricants, oils, and fuels for various industries, with extensive experience in fuel and oil management in Namibia and beyond.
The Chevron and Bachmus agreement is expected to increase competition in Namibia’s fuel retail sector, with Vitol Emerald Bidco (Pty) Ltd set to divest from 58 Engen and Shell service stations in Namibia to ensure fair competition after its Engen Ltd acquisition as part of conditions set by the government. Puma Energy Namibia has also announced plans to establish five service stations in rural areas within the country as a form of bringing services closer to the people and expanding its business.
