Caltex, once a common sight in Namibia, is making a comeback after Chevron Brands International, a subsidiary of Chevron Corporation, entered into a long-term retail trademark licensing agreement with a Namibian company, Bachmus Oil and Fuel Supplies.
The agreement paves the way for the return of the Caltex brand to fuel retailing in Namibia.
Chevron appointed Bachmus as the Chevron licensee of the Caltex brand to sell, market and distribute fuels under the Caltex brand in Namibia, with a view to grow the Caltex-branded service station network across the country.
Caltex is a globally-recognised premium brand with presence in Asia, Middle East and Africa. Bachmus Oil and Fuel Supplies was established in 1994, and specialises in the supply of lubricants, oils and hydraulics for a myriad number of applications in the industrial, mining, marine, agriculture, automotive, manufacturing, energy and construction industries.
This includes the supply, storage, tracking, dispensing and monitoring of fuels and oils. With 30 years experience in the market, Bachmus are also bunker experts, and supply heavy fuels and diesel in port and offshore.
Meanwhile, the agreement with Bachmus further strengthens Chevron’s presence in Namibia, where in 2022 the company re-entered the oil and gas upstream business, becoming the operator of the PEL 90, an offshore deep-water block located in the Orange Basin.
In April 2024, the company also signed an agreement to acquire an 80% operating interest in the offshore block PEL 82 in the Walvis Basin. Commenting on the agreement, Danielle Lincoln, vice president of Chevron International Products, stated, “Re-entering the Namibian retail market is a significant milestone for Chevron. 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”.
Sharing his thoughts on the agreement, Corne Schalkwyk, managing director of Bachmus Oil and Fuel Supplies (Pty) Ltd, said: “We are honoured to partner with Chevron as they return to Namibia’s retail market with its Caltex brand. 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
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”.
Chevron is one of the world’s leading integrated energy companies.
It produces crude oil and natural gas, and manufactures transportation fuels, lubricants, petrochemicals and additives. It also develops technologies that enhance business and industry.