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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
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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