BACHMUS’ Post

Frans Indongo Group acquires stake in Bachmus Oil The Frans Indongo Group has acquired a stake in BACHMUS Oil and Fuel Supplies, increasing Namibian ownership in the company. The equity acquisition by the Frans Indongo Group gives Bachmus Oil and Fuel Supplies, which recently signed a long-term retail trademark licensing agreement with Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, to launch Caltex fuel retail outlets in Namibia, a majority local ownership. MOOV Fuel and Lubricants, the South African-based shareholder in Bachmus, welcomed the development. https://lnkd.in/d9QtwQkq #namibia #fransindongo #bachmusoil Fabian Magerman Corne Schalkwyk Jeremy George Jacobina Patemoshela Lungameni CA (NAM) Ministry of Mines and Energy Namibia (MME)

CDN Oil partners with Almadina Petroleum as its official distributor in Sokoto. This strategic partnership will strengthen our operations in Sokoto enabling us to better serve our customers with improved product availability, enhanced logistics and exceptional service Click the link below to read the full article 👇🏽 https://lnkd.in/dXZE2ybD

Argentina's YPF Streamlines Portfolio with Major Divestment Argentina's state-owned YPF is shedding 55 conventional hydrocarbon assets across 5 provinces to optimize its portfolio and focus on the prolific Vaca Muerta shale formation. The move aims to unlock $3 billion in investment for Vaca Muerta development in 2024. Key assets up for grabs include: Neuquén: Neuquén Norte & Sur clusters (oil: 3,931 b/d, gas: 540,000 cu m/day) Mendoza: Norte, Sur & Llancanelo clusters (oil: 15,633 b/d, gas: 1.033 million cu m/day). Río Negro: SP-PB & EFO clusters (oil: 5,411 b/d, gas: 0.976 million cu m/day) Chubut: El Trébol, Campamento Central & additional fields (oil: 9,074 b/d, gas: 58,000 cu m/day). Tierra del Fuego: Poseidón & Magallanes fields (oil: 1,693 b/d, gas: 1.131 million cu m/day) YPF targets divestment completion within 30 days, with potential for asset transfer or reversion to provincial ownership. #Argentina #ArgentinaEnergy #VacaMuertaShale #YPF #OilGas #ShaleOil #EnergyTransition #MergersandAcquisitions #InvestmentBanking #PrivateEquity #ShaleRevolution #UnconventionalOil #Fracking

The Naira collapsed, Dangote remained Africa’s richest man, counting his wealth in Naira. Nigeria’s GDP fell to the 3rd in Africa, Aliko Dangote remained Africa’s richest man, counting his wealth in dollars Nigeria is chocked with inflation, Dangote is chocked with high dividends from his investments. Dangote Cement only is currently the #1 most valuable stock on the NGX with a market capitalization of NGN 11.2 trillion, which makes about 19.7% of the entire Nigerian Stock Exchange equity market. If a man controls more than 1/5 of our bourse, the train already left. Monopoly already exists 🚀. Fighting it is a waste of time MTN was almost a monopoly when Airtel was struggling until Glo and Etisalat came onboard. We should raise more Dangotes to close the gap, not chasing shadows. Naysayers should read about the richest man in India, Adani, he owns Adani Group, there is nothing you think of that he does not sell or produce. Single largest private employer of labour, one of the highest tax payers, Dangote cement has more presence than any other individually owned business in Africa Cabals should set up their own refinery, importation is not a competition .

This is one great way to build this continent. we can't truly develop until we begin leveraging each others strengths and strategic advantages

CDN Oil and Lubricants partners with Almadina Petroleum as its official distributor in Sokoto. This strategic partnership will strengthen our operations in Sokoto enabling us to better serve our customers with improved product availability, enhanced logistics and exceptional service Click the link below to read the full article 👇🏽 https://lnkd.in/dQ3WJr6h 

Ardova Plc, formerly known as Forte Oil, has inaugurated a state-of-the-art lubricant oil-blending plant in Lagos. The facility boasts an impressive production capacity of 150 million litres per year and a storage capacity of 14 million litres. This development sets a new benchmark in Nigeria’s lubricants market, positioning Ardova to better meet the evolving demands of the country. The indigenous petroleum products distributor also revealed that its products now feature unique identification codes for enhanced tracking and market protection. #energy #nigeria #ardova #lubricants

Market forces significantly impact the economy by influencing the price and availability of goods and services. These forces, including competition, consumer preferences, and technological advancements, drive economic growth and government policy responses. Ndubuisi Ekekwe this is same man #Nigerian government, or should I say the oil cabal regulators allegedly condermed and wrote off with all sort of names. Yet, another country saw #capacity in him and they have invited him. #Nigerian FG, watch out the number of #invitations Dangote Group will get from now till end of Q3. market forces will eventually level-up in the midst of this market #distruption done by @aliko and it will be a mega win for the Dangote group, #watch out. Honestly , I cry when listen to some politicians talk. some times am forced to ask if they are schooled and trained or not with all #apologies..Because, how can you choose bad over good. A job is made easy for you, yet you prefer the hard way. I wish @Buhari was any where close to be related to me, my 1cent advice would have been to exit his administration with this Dangote refinery project by signing a bond as FG/Dangote partnership. How? 1. The refinery should be tax free for xyz period until the country bounces back and #foreign #loans paid back. or 2. the fertiliźer from the refinery will be in #FGN name and we sell at government rate to international markets/ local in Naira. This i believe will grow #naira, and less pressure on #USD. #Buhari would have left government with a good name at the end despite the #corruption in his government and insecurity. #FG talk to your team to focus on the people more than 2027 election as its been perceived by body language of some #ministers. We have all it takes!! #makingsenseinconfusion #Africanarise #letsmakenigeriawork

You need a good system to thrive

Chevron's Caltex brand re-enters Namibia through a strategic partnership, marking significant implications for the local oil market. Analysts anticipate heightened competition and expanded consumer choices. #Caltex #NamibiaOil #Chevron #OilandGasNews #FuelRetail #MarketExpansion #NamibiaBusiness #BCS #EnergySector #GlobalBrands #FuelIndustry #MarketImpact #OilDiscovery #NamibiaEconomy #BusinessStrategy