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Botswana looking to diversify economy though energy developments

Botswana looking to diversify economy though energy developments

Photo by Bloomberg

20th May 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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Botswana Oil (BOL), which was established in October, has, together with the Botswana government, called for expressions of interest (EoI) for an in-house technical adviser to assist in the development of the landlocked country’s oil and gas sector.

BOL was tasked with ensuring the security of Botswana’s fuel supplies, facilitating economic empowerment in the petroleum sector and managing strategic petroleum stocks. The company also procured oil on behalf of government.

Through the EoI, the State-owned company sought information on the preparedness of the coal-to-liquids (CTL) market in Botswana to inform the process of developing a polygeneration plant in the country.

The project was aimed at further diversifying the diamond-centred economy and ensuring fuel self-sufficiency through the country’s coal resource.

The EoI further sought the appointment of an in-house technical adviser to work with Botswana’s Ministry of Minerals, Energy and Water Resources and BOL for two years.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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