Gulfstream Energy has successfully completed its first fuel deliveries to the ports of Richards Bay, Durban, East London and Saldanha.

As one of nine companies collectively awarded the R 15.5bn Transnet fuel contract at the end of 2013, the company’s portion of the tender, will see the delivery of fuel to all ports within South Africa for a period of five years.

Shane Jegels, Executive Chairman of the company says, “To be part of fuelling South Africa is not only a positive step forward in our own growth, but in turn provides us with the opportunity to play a greater role in the development and sustainability of our nation.”

The Transnet tender, the single biggest contract for goods and services by the State owned company to date, took 18 months to complete and involved an intensive due diligence process. As part of Transnet’s commitment to broaden economic empowerment, a key objective of this tender was the opportunity to integrate a diverse group of black and female owned businesses into what has historically been a white dominated petroleum market. Tender criteria included price, supplier development, technical ability and Broad Based Black Economic Empowerment (BBBEE) credentials.