Botswana Oil, PetroSA ink cooperation deal

Wednesday, December 18, 2013

Fledgling state owned oil company, Botswana Oil, has kicked off efforts to enhance stability and diversity of fuel supplies with the signing of a cooperation agreement with South Africa's PetroSA.

The deal is the first of a number of agreements that the parastatal expects to strike with its regional counterparts to increase fuel supplies into Botswana through alternative sources and routes.

According to Botswana Oil, the cooperation with its South Africa peer will enable the two to also jointly explore upstream and downstream hydrocarbon opportunities apart from ensuring security of petroleum supplies for their respective countries.

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Botswana Oil, PetroSA ink cooperation deal

Fledgling state owned oil company, Botswana Oil, has kicked off efforts to enhance stability and diversity of fuel supplies with the signing of a cooperation agreement with South Africa's PetroSA.