BP pulls out of Botswana

Although details on timeframes and pull out strategies are still sketchy a statement by BP Africa Chief executive Sipho Maseko says that the oil company will pull out of Botswana and four other Southern Africa countries following a strategy review, but would still invest to grow its market share in Mozambique and South Africa.

Apart from Botswana, the company says it plans to sell its marketing businesses in Namibia, Malawi, Tanzania and Zambia, but said Mozambique and South Africa offered better synergies with its supply portfolio.