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10 LATEST NEwS, EvENTS, jObS ONLINE – www.PETrOLPLAzA.COM AdvErTISEMENT

Engen plans to take over bP assets in African countries Growing oil company Engen plans to take over the assets of its rival, BP, in the countries from which BP is pulling out. BP announced last month that it will be pulling out of five southern african countries as a result of a strategic review. a top Engen official said the company will take advantage of this opportunity and buy BP assets as part of its expansion strategy and penetration into new markets. “We’re on a growth programme and they’re selling assets”, Wayne Hartmann, Engen’s General Manager for international business, said in an interview in Cape Town. “We’re very small in Tanzania and missing in Malawi.” While some of its rivals are reducing activities in africa, Engen has a “positive outlook” on the continent and rolled out a record 30 sites last year, Hartmann said. While the company has a “healthy balance sheet”, a stock exchange listing to fund acquisitions has not been ruled out, he said. Engen, which has 40 filling stations across Botswana, is already listed on the Botswana Stock Exchange’s foreign board and is the third largest oil company in Botswana Shell sells New zealand fuel retailing assets Royal Dutch Shell Plc agreed to sell its New Zealand fuel-retailing assets to Infratil ltd. and the New Zealand government pension fund for NZ $ 696.5 million (US $ 492 million) to focus on oil and gas production. The parties have been in exclusive talks since November. Shell, Europe’s biggest oil company, is selling its New Zealand fuel-retailing and refining interests as vietnam fuel companies given more pricing freedom Vietnamese fuel traders have been given more autonomy in adjusting prices based on market supply and demand, but the government will continue to oversee their pricing, an official informed. “It’s not correct to say the government has given fuel companies the right to set prices on their own”, Deputy Industry and Trade Minister Nguyen Cam Tu said. “Fuel companies are only allowed to decide prices SPAr signs deal over d-Store POS solution in South Africa with POS Systemhaus from Austria SPaR (South africa) has signed a deal to implement D-Store, the POS software solution from austrian company POS Systemhaus, across its international store network. Initially, the checkout software will be installed at all newly-opened outlets beginning this year. In addition, all retailers already associated with the group both in South africa and abroad with their approximately 7 000 cash registers will be equipped with the new software within after BP and Shell. In a statement last week, BP africa CEO, Sipho Maseko, said he was confident the businesses they are looking to sell will offer good value and great potential to a purchaser, particularly given the strong economic outlook of the region as whole. “a new owner can build on our good assets and grow the business further”, he said. “all of our operations are leading marketing businesses with strong market shares, well-run operations, experienced and capable employees and strong health and safety performance.” BP, which has been in africa for over 80 years, has been operating in Botswana as an independent company since 1975 when it split from Shell. BP Botswana has over 40 retail sites across the country where it has been competing with Shell, Engen, Caltex and Total. If Engen takes over BP in Botswana, it stands to enjoy the latter’s wide range of customers and contracts, among them Debswana, BCl, BDF, the government’s Central Transport Organisation, as well as big construction firms and transport companies. part of a global focus on production in expanding markets. Infratil’s purchase makes it the nation’s biggest fuel retailer at a time when low returns are driving out independent operators and prompting global players to review their interests. The Shell assets comprise 229 filling stations, 95 truck stops, port terminals and a 17 percent stake in New Zealand Refining Co. to a certain extent.” Since December 15 last year, the government has allowed fuel traders to raise pump prices automatically without seeking government consent if world prices rise by seven percent or more. Tu’s comment last week was in response to a question as to why, after the deregulation, the Finance Ministry last month still asked fuel traders to temporarily halt all price hikes to control inflation. the next three to five years. The announcement comes after a successful 12 month run of pilot installations. Enno Stelma, CIO of SPaR (South africa), said the software’s “wide base of installations convinced us that D-Store is absolutely applicable for the african market.” The software will be used in combination with Windows XP and Windows 7. D-Store is also deployed by SPaR austria and in all country operations of German Rewe Group. LATEST NEwS, EvENTS, jObS ONLINE – www.PETrOLPLAzA.COM NEwS – MIddLE EAST, AFrICA & ASIA downstream strategies of ExxonMobil in New zealand a shake-up in petrol station ownership looks set to continue as global oil giant ExxonMobil continues to investigate the potential sale of its New Zealand distribution and retailing, or downstream, business. Two parties are looking at ExxonMobil’s downstream operations, which include 183 petrol stations and a 19.2 percent stake in the country’s only oil refinery, the New Zealand Refining Company. Smartflex piping systems selected by both Oman Oil and ENOC Smartflex has been selected by Oman Oil for its double wall fully coaxial piping and fittings system, which the company says has the latest international and local approvals. It has also been chosen by ENOC for their new sites in Dubai and neighbouring areas. OPw opens new manufacturing facility in India OPW Fueling Components have announced the opening of its newest manufacturing facility in Chennai, India. This state-ofthe-art manufacturing facility is, the company says, part of OPW’s global expansion strategy and demonstrates commitment to localize its presence in the markets it serves. President David Crouse said “This is a proud moment for our company as it represents our dedication to align ourselves as close as possible to the customers we serve. With this new manufacturing facility, we will be able vastly enhance our customer service levels.” bahrain: Privatisation plans are unveiled Petrol stations owned by Bapco in Bahrain could be tendered to the private sector at the end of the year, according to Economic Development Board chief executive Shaikh Mohammed bin Essa al Khalifa. Bahrain also plans to privatise the country’s loss-making carrier Gulf air and other public services like hospitals and waste management companies, as it seeks to diversify its economy from oil and build up a viable private sector and a tax-based economy. 11

10 LATEST NEwS, EvENTS, jObS ONLINE – www.PETrOLPLAzA.COM<br />

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