Shell, BP move to acquire 2 petroleum firms in Rwanda


Shell, BP move to acquire 2 petroleum firms in Rwanda

Two renowned global oil and gas firms, Shell and BP Plc, are in the process of acquiring leading petroleum dealers in Rwanda in two separate deals.

The firms are set to join a market, which currently has about 20 active players by acquiring existing operators. Royal Dutch Shell, through its African operation, Vivo Energy, is in an advanced talks to acquire all Engen operations, including its service stations in Rwanda.

Vivo Energy’s entry follows its acquisition of Engen Oil’s assets in nine African countries, including Rwanda. Vivo Energy, established in 2011, distributes and markets Shell-branded fuels and lubricants.

Rwanda’s Engen-branded service stations will become part of Vivo Energy, raising the acquirer’s service stations to over 2,100 across the continent. Engen currently has over 300 Engen-branded service stations across the continent. Read More

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