New oil player Nasan Energies has joined the bidding round to supply fuel in bulk to Namibia, while state-owned Namcor decided to sit out. The Ministry of Industries, Mines and Energy announced the results of the bidding on Monday evening. This development marks a significant move by Nasan, an emerging petroleum distributor looking to grow as a supplier in the Namibian market.
TotalEnergies was selected as the sole supplier of Namibia’s bulk petrol and diesel for the three months between November 2026 and January 2027. The company will supply 345.3 million litres over three months at the basic fuel price, a tender worth at least N$7 billion. According to energy minister Modestus Amutse, eligible companies were invited to submit bids, which were evaluated based on price and the track record of the supplier.
Nasan managing director Jean-Blaise Ollomo expressed appreciation for the opportunity to participate in the bidding process. He stated that bidding for national bulk supply opportunities aligns with Nasan's long-term strategy to scale operational capacity and demonstrate capability alongside established industry players. Ollomo also welcomed the government’s move toward open competition and benchmark pricing.
Nasan was founded at the end of 2024 and is majority-owned by Millennium Group chief executive Miguel Hamutenya. In March this year, the Namibian Competition Commission approved its purchase of 42 fuel stations from Vivo Energy. However, the commission initially blocked Nasan from purchasing fuel from Vitol, Vivo’s parent company, due to established links between Hamutenya and Vitol.
The government received bids from four oil companies during this round, including Nasan, TotalEnergies, Vivo Energy, and Puma. According to Amutse, all four companies that submitted bids offered to supply at a discount to the basic fuel price, with no bidder asking for a premium. This indicates a competitive market for fuel supply in Namibia.
National Petroleum Corporation of Namibia (Namcor), Namibia’s state oil company, did not participate in the tender. Amutse confirmed that Namcor voluntarily did not participate, believing it is more beneficial to buy from the designated bulk fuel supplier under the current arrangement. Namcor did not respond to requests for comment on this development.
The fuel supply tendering process will happen every three months, according to Amutse. The ministry is still monitoring how the process unfolds. With Nasan Energies joining the fray, the market is expected to see increased competition, potentially leading to more competitive prices for Namibian consumers.
Key points
- TotalEnergies selected as sole supplier for bulk fuel in Namibia.
- Nasan Energies participates in bidding round despite being a new player.
- Namcor voluntarily sits out the tendering process.
