Gov't seeds P1bn towards fuel security

Ready, set, go: The Gantsi depot will boost fuel supply security in the country’s western half PIC: MINERALS AND ENERGY FACEBOOK
Ready, set, go: The Gantsi depot will boost fuel supply security in the country’s western half PIC: MINERALS AND ENERGY FACEBOOK

Botswana Oil Limited (BOL) has kick-started the construction of a 60 million litre storage facility in Gantsi at the cost of P1 billion.

The facility, to be located along the Trans-Kalahari Highway a few kilometres from Gantsi, is meant to strengthen the security of fuel supply in the western part of the country. BOL officials revealed that while the international threshold for a nation to be regarded as fuel secure is gauged on its ability to withstand supply shocks for up to 90 days, Botswana’s strategic storage capacity currently stands at 18 days.

Local commercial buffer stock, which measures the strength of private storage capacities, stands at less than five days against a desired minimum standard of 14 days.


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