TotalEnergies secures Namibia bulk fuel supply contract

Type: Supply Agreement · Technology: Oil Gas · Country: Namibia · Value: $13.57M · Announced: 2026-09-22

TotalEnergies' bidding group was selected by Namibia to supply the country's bulk diesel and petrol needs for a three-month period from November to January, offering an average discount of 63.85 cents per liter and saving approximately 220.5 million Namibian dollars ($13.57 million). The deal covers approximately 345 million liters of fuel, primarily diesel, and replaces the previous exclusive supply agreement with Vitol that was not renewed. Namibia's Minister of Industries, Mines and Energy emphasized the ministry's commitment to open competition to secure the best terms while maintaining supply security. TotalEnergies is concurrently negotiating fiscal stability terms with the Namibian government ahead of a final investment decision for its Venus offshore project targeting first oil production by 2030.

Analysis

TotalEnergies was selected by Namibia’s Ministry of Industries, Mines and Energy to supply the country’s bulk diesel and petrol for a three‑month period from November to January, covering approximately 345 million liters and offering an average discount of 63.85 cents per litre, saving about N$220.5 million ($13.57 million). TotalEnergies is a global integrated energy company operating in around 120 countries with over 100,000 employees. The Namibian Ministry of Industries, Mines and Energy is the government body responsible for energy procurement in Namibia. The contract replaces a previous exclusive supply agreement with Vitol that was not renewed. TotalEnergies is concurrently negotiating fiscal stability terms with the Namibian government ahead of a final investment decision for its Venus offshore project targeting first oil production by 2030.

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