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
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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