Botswana Oil ramps up investments for 60-day fuel reserves :: Mmegi Online

Botswana Oil Limited (BOL) has set its sights on increasing the country's strategic fuel reserves to 60 days by 2035 as government ramps up investment in fuel storage infrastructure to strengthen energy security and reduce vulnerability to regional supply disruptions.

The target will be achieved through the completion of three strategic fuel depots in Francistown, Gantsi and Tshele Hills, with the latter to be developed under a Public-Private Partnership (PPP) after government secured an investment partner through its cooperation agreement with the Sultanate of Oman.

Senior Manager for the Project Management Office, Kabelo Lanka, said Botswana was on course to raise its strategic fuel cover from the current 15 days to 55 days by the first quarter of the 2027-28 financial year before reaching 60 days once the Tshele Hills facility comes on stream.

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botswana oil

Botswana Oil ramps up investments for 60-day fuel reserves

Botswana Oil Limited (BOL) has set its sights on increasing the country's strategic fuel reserves to 60 days by 2035 as government ramps up investment in fuel storage infrastructure to strengthen energy security and reduce vulnerability to regional supply disruptions.

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