New oil player Nasan Energies joined the latest bidding round to supply fuel in bulk to Namibia, while the state-owned Namcor decided to sit out the bidding.
The Ministry of Industries, Mines and Energy announced the results of the bidding on Monday evening. 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 government received bids from four oil companies during this round, including from Nasan.
Nasan managing director Jean-Blaise Ollomo told The Namibian yesterday that the company is an emerging petroleum distributor looking to grow as a supplier.
“Bidding for national bulk supply opportunities aligns with our long-term strategy to scale operational capacity, demonstrate our capability alongside established industry players, and contribute to competitive price structures that ultimately benefit Namibian consumers,” Blaise-Ollomo said.
He said appreciated the opportunity to participate in the bidding process.
“We welcome the government’s move toward open competition and benchmark pricing. The procurement structure allowed various market participants to submit proposals designed to optimise value for the country,” Ollomo said.
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.
The commission blocked Nasan from purchasing fuel from Vitol, Vivo’s parent company, after it established links between Hamutenya and Vitol.
This requirement was later overturned by energy minister Modestus Amutse, who selected Vitol to be the sole supplier of Namibia’s fuel for the months of June to September.
Vitol’s right to supply fuel was extended through October after it demanded compensation from the government for lower-than-expected sales throughout the three month period.
On Monday, Amutse announced the new supply arrangement with Total. The company will supply 345.3 million litres over three months at the basic fuel price, a tender worth at least N$7 billion.
Amutse said eligible companies were invited to submit bids, which were evaluated based on price and the track record of the supplier.
“All four companies that submitted bids offered to supply at a discount to the basic fuel price. Not a single bidder asked for a premium,” Amutse said in a press release.
He confirmed to The Namibian that TotalEnergies, Nasan Energies, Vivo Energy (owned by Vitol), and Puma participated in the bidding.
National Petroleum Corporation of Namibia (Namcor), Namibia’s state oil company, did not participate in the tender.
“Namcor voluntarily did not participate this time around. They have noticed that they are benefiting under the current [arrangement]. This time around, they believed it is more beneficial to buy from the [designated bulk fuel supplier,” Amutse told The Namibian.
Namcor did not respond to requests for comment.
Amutse said the fuel supply tendering process will happen every three months.
“We are at the beginning of the process [of a bulk fuel supply arrangement]. We are still monitoring how the process goes. Our future dealings will be informed by the outcomes of the current process,” he said.
However, he said the previous deal with Vitol removed supplier premiums and that the next deal with TotalEnergies will provide a discount for each litre of fuel supplied.
“Savings flow into the national fuel price account, and strengthens the ministry’s ability to keep pump prices stable for motorists and the economy,” he said.
TotalEnergies declined to comment.
