Page 14 - AfrOil Week 14 2021

AfrOil PROJECTS & COMPANIES AfrOil

The PEL 39 licence area includes two offshore blocks (Image: Qatar Petroleum)
According to Saad Sherida Al-Kaabi, the presi- achieving our international growth strategy.
dent and CEO of Qatar Petroleum, the new deal We look forward to working together with the
is a mark of the company’s strong interest in the Namibian government, NAMCOR and Shell on
region. these blocks,” said Al-Kaabi, who also serves as
“[We] are pleased to expand our explora- Qatar’s Minister of State for Energy Affairs.
tion footprint in the country, and to further Shell has already carried out three seismic
strengthen our presence in the southern Africa campaigns at the PEL 39 block. It carried out the
region. Working on these promising and pro- surveys between 2014 and 2019 for the purpose
spective blocks with our valued long-term part- of identifying structures that might hold hydro-
ner, Shell, is another step in our stride towards carbons. ™

Vivo expands Rwandan retail network

RWANDA ROYAL Dutch Shell licensee Vivo Energy has director of Vivo Energy Rwanda, said: “Our
increased its retail fuel network in Rwanda retail network will definitely grow by 60% to be
with the acquisition of service stations and land better close to the end-users, the final customers,
banks in the East African country from local and in certain number of locations, in South, in
firms Energy Solution (ENES) and GEMECA East and also West, and regions where we were
Petroleum. not fully present to satisfy the customer needs,
The move will see Vivo’s Rwandan network and petroleum needs of our end-users.”
expand from 24 to 40 stations, growing its share Attending the signing, Rwanda Develop-
of the local market by 3%. The company markets ment Board (RDB) Deputy CEO Zephanie
and distributes Engen-branded fuels and lubri- Niyonkuru said that the transaction, which
cants throughout Rwanda and the new stations was facilitated by the Bank of Kigali (BK), was
are being rebranded to Engen. a “vote of confidence” in the country’s business
Commenting on the deal, Hans Paulsen, environment. He added: “We are encouraging
executive vice-president of Vivo Energy East the business community to take advantage of
and South, said that over the past year, the com- other existing facilities such as the Rwanda Stock
pany’s “focus has been on raising the standard Exchange,” suggesting that companies “consider
of our convenience services, quick shops, car cross-listing on the Rwanda Stock Exchange and
wash and other facilities”, adding that the ENES raise more capital.”
and GEMECA portfolios had been targeted for Meanwhile, Vivo recently kicked off a part-
the “quality of its staff and assets, its key account nership with the local Victoria Motors to install
customer base and for the strategic fit with our EV charging points at service stations in align-
business”. ment with the company’s aim of offering eco-
Meanwhile, Saibou Coulibaly, managing friendly fuel solutions to customers. ™

P14 www. NEWSBASE .com Week 14 07•April•2021