Amsons Group Agrees to Acquire Oryx’s Tanzanian Fuel Business

What changed

Amsons Group has agreed to acquire Oryx Energies’ Tanzanian downstream fuel business for more than $230 million.

The deal would transfer Oryx’s retail stations, storage terminals, distribution infrastructure and interests in fuel-hub partnerships, including storage operations at the Tanzania International Petroleum Reserve in Dar es Salaam. Completion still depends on regulatory approvals and customary conditions. Until then, Oryx will continue operating in Tanzania.

Why it matters

This would give Amsons a much larger physical grip on Tanzania’s fuel system, from storage tanks to forecourts. The group expects its fuel-storage capacity to rise from 300,000 metric tonnes to 800,000, while its retail network would grow to about 300 stations across several countries.

That matters because storage and distribution infrastructure shapes how reliably fuel can move through a market. Amsons says the enlarged network would strengthen domestic fuel security and support Tanzania’s role as a regional logistics hub.

The transaction also marks a change in ownership for a business Oryx says has been important to its Tanzanian history. Oryx is selling as it focuses capital on energy infrastructure and trading across Africa; Amsons is using the purchase to deepen its energy and logistics operations.

The practical effects remain uncertain. The deal’s completion date and regulatory outcome have not been stated, and there is no confirmed change yet to fuel prices, staffing or market shares. For now, the clearest shift is strategic: a Tanzanian-owned group is positioned to take control of a substantial fuel network, but the handover has not happened.