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Bachmus to invest heavily in fuel retail sector after Chevron deal

by Editor
July 2, 2024
in News
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Bachmus to invest heavily in fuel retail sector after Chevron deal
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Bachmus commercial and retail manager Jaco Marais says they intend to invest significantly in Namibia branding service stations to Caltex.

This comes after Chevron announced Tuesday that they had given Bachmus the Caltex brand licence in Namibia.

Bachmus Oil & Fuel Supplies was established in 1994 when Whitey Erasmus and Erhardt Bachran decided to open the doors to a wholesale lubricant and diesel supplier.

The company has depots across Namibia, including Windhoek, Ondangwa, Swakopmund, Walvis Bay and Karibib.

Chevron Brands International, which owns the Caltex brand, sold 75% of Chevron South Africa to Glencore, the Astron Energy holding company, in 2017.

This was after Chevron had acquired its 50-50 partner Texaco.

Astron Energy got South Africa and Botswana’s Caltex Usage Rights and Debrand Agreements (URDA).

The parties extended the agreement to December 2026.

About the latest deal, Chevron International Products vice president Danielle Lincoln described the move as a significant milestone in re-entering the Namibia retail market.

“Through a network of retail fuels sites nationwide, we plan to build the strength of the Caltex brand in close collaboration with Bachmus,” Lincoln said.

Bachmus, managing director Corne Schalkwyk, said the partnership will bring great value to consumers through quality products and services.

Marais told The Extractor that they will assess service stations that want to rebrand to Caltex before accepting them.

“We will be working with dealers and assessing them,” Marais said.

According to Marais, they will consider the age of the pumps and tanks to see if a service station suits the criteria.

 

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