Page 15 - AfrOil Week 30 2021

AfrOil NEWS IN BRIEF AfrOil

DOWNSTREAM set to start operating later this year. It also oper-
ates a high-speed diesel island for bulk diesel
Engen’s footprint customers.
Engen Tsholofelo in Gaborone is the first pet-
flourishing as company rol station in the fast-growing residential area of
Tsholofelo. The site is situated at Sarona City, a
targets ambitious modern complex with a mall, upmarket apart-
ments and residential plots. Residents of the
growth in Botswana greater Tsholofelo area, Phakalane and Broad-
hurst also have easy access to the site thanks to
Engen continues to expand in Botswana and so recent road upgrades. Plans are afoot to open an
spread its unique retail fuel and convenience cus- Engen Quickshop and Corner Bakery later this
tomer experience across the country, with five year.
new Engen Service Stations opening in the first Engen Tulsa in Mogoditshane is situated on a
half of 2021 and a further five in the pipeline. large plot opposite the Botswana Defence Force
“As always, convenience and customer ser- barracks. With its picturesque palm trees, the of price instability of PMS based on the current
vice are key determinants of our success and we site has become the go to place to fuel up and dollar-to-naira differentials to the effect that if
are excited to bring these new sites to market and grab something to eat. It boasts a fast-food KFC Nigeria continues to rely on the importation of
also announce additional expansion plans,” says outlet as well as a convenience store and oper- PMS without creating alternative energy sources
Chimweta Monga, Managing Director of Engen ates a high-speed diesel island for bulk diesel like CNG, LNG, autogas, etc. which will provide
in Botswana. customers. price buffers for consumers and ultimately crash
“Engen has a growing footprint and the brand Drikus Kotze, General Manager of Engen’s the price of PMS, then the product will be subject
is well known amongst our customers who have Commercial and International Business Divi- to prevailing market forces.”
come to associate themselves with Engen’s brand sion, says Botswana is an integral part of Engen’s According to him, the Director further
promise of ‘With us you are Number One.’” growth ambitions in Southern Africa. re-emphasised that the strategy for alternative
As a leading marketer of fuels and lubricants, “It’s about never standing still, and contin- energy sources is a cardinal programme of the
Engen currently operates 64 service stations and ually seeking relevant and innovative ways to government, which has led to the declaration of
43 Quickshop convenience stores across Bot- meaningfully impact our customers lives by the Decade of Gas (DoG) to migrate the Nige-
swana, and pumped 202mn litres of fuel from offering quality petroleum products and excit- rian economy to a gas-based economy by 2030.”
its retail forecourts in 2020, in addition to 97mn ing convenience services, which is why we are Osu stated that the Department would con-
litres to commercial customers and 2.2mn litres excited to aggressively and sustainably grow the tinue to enable businesses and create opportu-
of lubricants. Engen footprint in the region.” nities through its downstream focus on Quality,
With five new sites opened in the past seven Engen operates a retail network of 230+ ser- Quantity, Integrity, and safety (QQIS).
months, and more to come, Monga is bullish vice stations in six countries, namely: Botswana, DPR, July 21 2021
about Engen’s growth plans. DRC, eSwatini, Lesotho, Mauritius and Namibia,
“We also have five sites currently under con- as well as a further 1,000+ sites in South Africa.
struction which makes us the only fuel company Engen, July 22 2021 INVESTMENT
in the country undertaking such an aggressive
retail expansion amidst a global pandemic. Our DPR: Fuel price will not Dana Gas wins arbitration
ambitious retail growth plan is a further indica-
tor of our commitment to sustainable growth in rise to NGN1,000 per litre on sale of Egypt assets
the country.”
All five newly streamed sites offer Engen Pri- on removal of subsidy Dana Gas, the Middle East’s largest regional pri-
max Unleaded 93/95, Engen Dynamic Diesel vate sector natural gas company, has received
50ppm and various quality Petronas and Engen Gatekeepers News reports that the Department an award in its favour dated July 19, 2021, from
lubricants. of Petroleum Resources (DPR) has urged the the London Court of Arbitration (LCIA). The
The five new Engen service stations in Bot- public to disregard the headline that stated that arbitration was initiated on 28 April 2021 by
swana are: Engen West Molepolole 2 has an the price of PMS could rise to NGN1,000 per IPR Wastani Petroleum, a member of the IPR
Engen Quickshop and is the only site in the area litre upon the subsidy removal without alterna- Energy Group, in relation to the Sale and Pur-
offering a well-lit forecourt for added safety, and tive energy. chase Agreement (SPA) for the sale of oil and
convenience services. It also operates a high- The Head, Public Affairs DPR, Paul Osu, in a gas assets in Egypt. The Tribunal rejected IPR
speed diesel island for bulk diesel customers. statement, said the news which was published by Wastani’s claim in its entirety. The Tribunal ruled
Engen Molapo, Tati River South is situated in an online media (not Gatekeepers News) on the in Dana Gas’ favour on all key points, concluding
a residential area with access to a new mall that rise in the pump price was a misinterpretation that Dana Gas’ termination of the SPA was valid.
is currently under construction and is an added of the comments made by the Department of Dana Gas terminated its agreement for the
attraction for customers. It boasts an Engen Petroleum Resources (DPR) regarding subsidy sale of its Egyptian assets to IPR Wastani on April
Quickshop which operates 24/7. removal. 22, 2021, as the parties were unable to complete
Engen Metsimotlhabe is located along the Osu added that the publication’s headline was a number of conditions precedent to the trans-
A12 road and is easily accessible to transient cus- “misleading” as the comments of the Director/ action by the long-stop date of April 14, 2021.
tomers and offers a secure supply of fuel. Local Chief Executive Officer, DPR, Sarki Auwalu, Dana Gas’s Board of Directors therefore decided
residents can look forward to added convenience were “clearly taken out of context.” He noted to terminate the SPA and retain and operate the
with an Engen Quickshop and Corner Bakery that the “Director specifically created a scenario assets in Egypt.

Week 30 28•July•2021 www. NEWSBASE .com P15