How many Engen garages are there in South Africa?

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.

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.

Who is the founder of Engen?

Engen Petroleum

Type Public
Founded 1881
Headquarters Cape Town, South Africa
Area served Africa, Indian Ocean Islands
Key people Yusa’ Hassan (Managing Director and CEO) Ahmad Adly Alias (Chairman)

Is Shell offering free fuel?

Vivo Energy Kenya, the company that distributes and markets Shell-branded fuels and lubricants, today launched a limited Happy Hour campaign whereby motorists will fuel free for one hour at designated Shell service stations.

What does BP stand for in South Africa?

British Petroleum is of one of the worlds largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemical products for everyday items. BPs history in South Africa dates back to the early 1920s.

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Is Engen refinery closing down?

South African petroleum products group Engen announced on Friday that it would shut the Engen Refinery and convert the site, located south of Durban, into an import terminal and product storage facility by the end of 2023.

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 much is total garage franchise?

Franchise fee is R2. 5M. Working Capital is R1. 5M Fuel Guarantee is R 850 000.00 ( Garage Sure or Refine – subscription ) Total Amount Required – R4M.

How do I buy a petrol station in South Africa?

Requirements to Buy a Petrol Station Example

  1. Selling Price of business R 5 000 000.00 net profit +- R 120,000 pm.
  2. Plus: Stock R 600 000.00.
  3. Plus Working Capital R 500 000.00.
  4. Other: e.g. Training, Licence application, etc. …
  5. Oil company fuel guarantee R800,000.
  6. TOTAL Funding Requirement R 7 000 000.00.

How old is Engen refinery?

The Engen refinery was commissioned in 1954, and had a crude refining capacity of 15 000 barrels per day when it opened. When it closed in December 2020, after another terrible explosion, it was producing 135 000 barrels. Over the years, the facility has raked in billions for its owners.