Botswana Oil sets up Moz, Namibia fuel depots
Friday, July 08, 2022 | 3870 Views |
Liquid gold: The new oil facilities will boost the country’s energy security PIC: MORERI SEJAKGOMO
According to the deputy permanent secretary in the Minerals and Energy ministry, Nchena Mothebe, while the country’s existing strategic facilities can carry the national demand for 15 days without additional supply, the facilities due in Mozambique and Namibia would collectively hold 30-day stock.
Botswana consumes approximately 100 million litres of various fuels each month and receives nearly all of its supplies from South Africa.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...