SUBSIDIARY NAME
CRUDE OIL REFINERY DEVELOPMENT, CONSTRUCTION, MAMANGEMENT, & OPERATION
COUNTRY
NAMIBIA, (In Walvis Bay)
SECTOR/ INDUSTRY
OIL AND GAS
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
August 15, 2022
ACQUISITION VALUATION
2.2089 BILLION
TOTAL ASSET VALUATION
22.089 BILLION
ENERGY-OIL-REFINERY-GAS
CRUDE OIL REFINERY DEVELOPMENT, CONSTRUCTION, MAMANGEMENT, & OPERATION by DUNESIDE ENERGY HOLDINGS (PTY) LTD acquired on August 15, 2022 for:
- 12 000 bpd Crude Oil Refinery and Tank Farm – Land Acquisitions (200 Hectares)
- Refinery, Tank Farm and Pipelines – Conduct Final Feasibility studies
- License Acquisitions (LTC, LTO, Wholesale License, etc.)
- Front End Engineering and Design (Tank farm, Refinery and Pipelines)
- Procurement of services including full supplier support (Local & International)
- Pipelines, Tank Farm and Refinery Construction
- Crude Oil Acquisitions
- Refinery, tank farm & Pipeline Operation
- Import and wholesale of finished products
- Construction and operation of the Water Treatment PlantBDN
- Construction of an in-house clinic
- Construction of the firefighting facilities
- Construction of an in-house training facility