Botswana Oil opts not to appeal BERA ruling

Botswana Oil had originally applied for a licence reserving itself 50% of the market supply. Botswana Oil head of Stakeholder Relations, Matida Mmipi told BusinessWeek the company considers the 25% a good start, which will go a long way in enabling it to execute its mandate of ensuring the security of petroleum products’ supply and facilitation of citizen companies in the petroleum sector.

“Botswana Oil understands the 25% award and that the authority has adopted a phased approach to the implementation of the licence on condition that the licence is reviewed upon completion of a market study as advised by the Competition and Consumer Authority,” she said.