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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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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