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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
Khama, Masisi should rise above personal differences

Hurt as he may have been, former president Ian Khama, Sir Seretse’s senior son who was given an opportunity to speak on behalf of the Seretse family, couldn’t mince his words as he took advantage to shred his successor Mokgweetsi Masisi to pieces.He, however, did not clearly mention names but he referred to Masisi as the leader of a political party that was founded amongst others by his father.He would also address him as the former State...

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