BP deal leaves govt in the cold

This week's announcement by BP that a Swiss-based company has scooped its multi-billion Pula assets in Southern Africa has sent ripples into the local fuel industry, amid revelations that government had put in a bid for the petroleum giant's Botswana assets.

On Monday, it was announced that Puma Energy, a Swiss petroleum powerhouse with more than 30 subsidiaries across the globe, had snapped up full ownership of BP's assets in Botswana, Namibia and Zambia and 50 percent equity in BP Malawi and BP Tanzania.

The announcement came after months of speculation as to the winning bidder in the scramble to acquire BP's assets, following the UK giant's March decision to disinvest.

Editor's Comment
Let’s stand against the menace of ‘CAT’

Methcathinone’s addictive grip is tightening, and its consequences are devastating. Lives are being ruined, families torn apart, and futures dashed by its destructive power. The drug’s allure knows no bounds, with various methods of ingestion making it accessible to users of all preferences.Whether it’s snorted, smoked, injected, or taken orally, the outcome is the same: a path of ruin and despair. It is time for action. The government,...

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