Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, has entered into a long-term retail trademark licensing agreement with Bachmus Oil and Fuel Supplies (PTY) LTD (Bachmus), marking a return of the Caltex® brand to fuels retailing in Namibia.
Chevron has appointed Bachmus as Chevron’s 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 recognized premium brand with presence in Asia, Middle East, and Africa. This agreement further strengthens Chevron’s presence in Namibia, where in 2022 the company reentered the oil and gas upstream business, becoming the operator of the PEL 90, an offshore deepwater block located in the Orange Basin. In April 2024, the company also signed an agreement to acquire an 80 percent 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 Namibia 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 honored 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 the consumers in the form of quality products and services. We look forward to collaborating closely with them to provide energy solutions to the Namibia market.”