white bar

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
white bar