Botswana Oil sets up Moz, Namibia fuel depots

Liquid gold: The new oil facilities will boost the country’s energy security PIC: MORERI SEJAKGOMO
Liquid gold: The new oil facilities will boost the country’s energy security PIC: MORERI SEJAKGOMO

Botswana Oil is set to establish fuel storage facilities at Mozambican and Namibian ports next month, which will double the country's strategic oil reserves and provide a buffer against declining refining capacity in South Africa, BusinessWeek has learnt.

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.

Editor's Comment
Reconciliation talks excite Batswana

Many have made it very clear that there is nothing more they would prefer than seeing the two ending their feud and working together for the good of the country.While some Batswana dismissed reconciliatory efforts as a political ploy, many Batswana welcomed the move with open arms because it is obvious that the feud between the president and former president has not been looking good for the country.The misunderstanding that seems to have started...

Have a Story? Send Us a tip
arrow up