Engen is majority owned by PETRONAS (74% holding), one of the world’s leading oil companies and a member of the FORTUNE 500. PHEMBANI, a black-controlled South African company focused on the broader energy sector, holds 21.2%, while a Phembani-led consortium holds the remaining 4.8%.
Who does Engen belong to?
Engen is 74% owned by Malaysia’s Petronas, and 26% held by a group led by Phembani, an SA company founded by Phuthuma Nhleko, one of the country’s most successful black businessmen.
Is Engen a South African company?
Engen, as a PETRONAS subsidiary, is an African-based petroleum company with a history going back to 1897 when the UK branch of the American Vacuum Oil Company set up a sales office in Cape Town. The company eventually became part of the US-based Mobil Corporation.
Is Engen a private company?
Engen Petroleum is a South African oil company focusing on the downstream refined petroleum products market and related businesses.
|Industry||Oil and gas|
|Predecessor||Mobil South Africa Engen Petroleum|
|Headquarters||Cape Town, South Africa|
How many Engen garages are there in South Africa?
With approximately 1 280 service stations and hundreds of commercial customers in sub-Saharan Africa, we are committed to providing impeccable customer service across a large footprint, always living up to our brand promise ‘With us you are Number One’.
What does Engen stand for?
|ENGEN||Enabling Next Generation Mechanical Design|
How much is Engen worth?
Engen, which was founded in 1881 and now operates in seven African countries, has an asset value of more than R40 billion ($2.6 billion), according to the people. In its 2018 financial year, it posted revenue of 82.5 billion rand and net income of R1. 8 billion.
Which brand of petrol is best in South Africa?
According to Consulta’s survey results, Engen currently leads among the top services stations (Engen, Shell, BP, Sasol, Total and Caltex) though only by a small margin. All fuel station brands perform on par (79.6) in terms of overall Customer Satisfaction scores, with the exception of Caltex which is below par.
How much is Engen franchise in South Africa?
Engen is currently selling a relatively small franchise in Gauteng for R2. 6 million, excluding stock and assets. It has no convenience store, and pumps an average of 267,000 litres of fuel per month. Engen requires 20% of this selling price in unencumbered cash and a working capital stash of R1.
How many BP garages are there in South Africa?
BP has over 500 branded service stations across South Africa and a 50% share in the largest refinery in Southern Africa called Sapref, situated in Durban South Africa.
Who is the CEO of Engen?
Rashid Yusof – ceo – Engen | LinkedIn.
How much is a petrol station franchise in South Africa?
A local petrol station business set up costs range in the region of R15 million and R100 million depending on the size and site. Further to this the operation payable to the oil company ranges between R2. 5 million and R15 million, depending on the cost to develop, projected volumes and profitability.
How old is Engen refinery?
Commissioned in 1954, the KwaZulu-Natal refinery is South Africa’s oldest and responsible for about 17% of the country’s fuel production. With a nameplate capacity of 120 000 bbls/d, Engen said it ranked as a low-capacity, medium-complexity facility with limited upgrading potential.
Who has the most petrol stations in South Africa?
While Engen continues to have the largest retail footprint in South Africa, operating over 1 000 service stations, Engen’s General Manager: Retail, Seelan Naidoo says it is the company’s commitment to progress and focus on customer service that places it at the forefront of brand recognition and loyalty across all …
Which company has the most petrol stations in the country?
Currently there are 60,000 filling stations in India, sells fuel and lubricants vehicles and also known as petrol bunk or petrol pumps in India. Most of the filling stations in India are owned by Indian Oil Corporation, The largest oil and gas company in India, followed by Hindustan Petroleum and Bharat Petroleum.
How many forecourts are there in South Africa?
There are approximately 4 600 service stations (forecourts – company owned and dealer owned) in South Africa.