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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.


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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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