Fired-up Puma Energy's 'grand entry' into Botswana

Having sealed the US$296 million (P1.9 billion) takeover of BP's assets in southern Africa, Puma Energy has unveiled an expansionary plan for Botswana, which accounts for a healthy portion of the purchase price.

Earlier this week, Puma Energy, a Swiss-based international petroleum giant, snapped up BP's assets in Botswana, Namibia and between 50 and 75 percent equity in BP Malawi, Tanzania and Zambia.Yesterday, Puma Energy Chairman Pierre Eladari told Mmegi that besides the rebranding of BP's 30 retail sites, storage infrastructure and other assets, the Swiss titan aims to derive maximum benefits from the opportunities in the petroleum industry.
Prior to its sale, BP operated in Botswana for 35 years, during which it secured blue chip government, quasi-government and private clients such as Debswana, BCL Mine, BDF, Central Transport Organisation (CTO), the government fleet, construction and transport companies.