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Technocrats weigh gov’t equity in Angolan refinery

Pumping away: Angola’s state oil company, Sonangol, already runs refineries in that country PIC: PUMPS-AFRICA.COM
Pumping away: Angola’s state oil company, Sonangol, already runs refineries in that country PIC: PUMPS-AFRICA.COM

Technocrats from the Ministry of Minerals and Energy are studying a proposal by the Angolan government for Botswana to take up equity in the upcoming Lopito Oil Refinery, a 200,000 barrels per day facility planned on the Atlantic coast.

BusinessWeek has established that senior officials from the ministry are scheduled to visit the coastal country soon for an on-the-ground appreciation of the project, as part of assessing the offer to invest.

Botswana consumes approximately 100 million litres of various fuels each month and receives nearly all of its supplies from South Africa. However, the regional giant is suffering a rapid loss in refining capacity with several major plants suspended or ageing out of use.


Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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