{"id":17026,"date":"2022-11-16T12:39:00","date_gmt":"2022-11-16T12:39:00","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/an-appetite-for-oil"},"modified":"2022-11-16T16:19:56","modified_gmt":"2022-11-16T16:19:56","slug":"an-appetite-for-oil","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/an-appetite-for-oil","title":{"rendered":"An Appetite For Oil"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>As part of their mandate to increase citizen participation in the fuel supply value chain, Botswana Oil Limited\u2019s (BOL) newly signed Memorandum of Understanding (MOU) with Debswana is tipped to provide new opportunities for Batswana.<\/b><\/p>\n

Highlighting the five-year deal\u2019s finer details, BOL Chief Executive Officer (CEO), Meshack Tshekedi revealed the agreement was struck in August and includes the delivery of 600 million litres of diesel.<\/p>\n

\u201cThe essence of the contract is that Botswana Oil and Debswana are entering into a partnership in which BOL will supply Debswana\u2019s Orapa, Jwaneng, Letlhakane, and Damtshaa mines with diesel for their operations,\u201d explained Tshekedi, speaking at the BOL Editor\u2019s Forum in Gaborone recently.<\/p>\n

The CEO is convinced the partnership can help Botswana\u2019s economy.<\/p>\n

\u201cIt will create an opportunity for citizen participation in the fuel supply value chain at a scale bigger than has ever been done in the country. It will also present opportunities for support services in the value chain, such as: truck staging\/truck stops, truck service, and maintenance, tyre services, and wash bays creating further jobs for Batswana,\u201d he said.<\/p>\n

Giving a brief background of Botswana\u2019s oil industry, Tshekedi admitted access to petroleum products in rural areas was limited, while there was a monopoly in the importation and distribution of aviation fuel.<\/p>\n

\u201cOther hindering factors include limited investment in storage infrastructure, and no government and local control over import decisions,\u201d he added.<\/p>\n

BOL was established in 2013 to ensure the security and efficiency of fuel supply to Botswana and promote active citizen involvement in the petroleum industry.<\/p>\n

\u201cBOL runs training courses to equip participants will basic skills along the oil value chain, and the facilitation model of BOL is extensive as it follows four pillars which are; procurement, capacity building, supplier development program and enterprise development,\u201d Tshekedi told Voice Money in a separate interview.<\/p>\n

BOL are poised to begin construction on a 187 million litre storage facility at Tshele Hills, a project expected to cost P3 billion and take two years to build, with completion scheduled for July 2025. It will be developed using Public-Private Partnership (PPP) model: Design, Finance, Build, Operate, Maintain, and Transfer.<\/p>\n

Providing further insight into the ambitious Tshele Hills project, BOL General Manager Operations, Mosetlho Kenamile revealed this was a dream 14 years in the making.<\/p>\n

\u201cBetween 2008 -2011, it was Feasibility Study for the Construction of Bulk Strategic Oil Storage Depots, the establishment of the NOC and pipeline pre-feasibility study by Shelter Consult. In the years 2017 \u2013 2018, Tshele Hills Project was removed from National Development Plan (NDP) 10 because there was not enough funding to progress the remaining work packages.<\/p>\n

\u201cA year later, it was the presidential directive for the implementation of Tshele Project through the PPP methodology and later got reinstated in the NDP,\u201d he explained.<\/p>\n

Documenting the progress that has been made so far, Kenamile stated, \u201cA Transaction Advisor was engaged in January 2021 to undertake the Feasibility Study\/Investor Readiness Study and to facilitate procurement of the Private Party under a PPP Arrangement. Procurement commenced after the completion of the feasibility study with an Expression of Interest (EoI) which started in December 2021 and completed in March 2022. The objective of the EoI was mainly to test the responsiveness of the market and the outcome indicated there was a considerable appetite for the project.\u201d<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. As part of their mandate to increase citizen participation in the fuel supply value chain, Botswana Oil Limited\u2019s (BOL) newly signed Memorandum of Understanding (MOU) with Debswana is tipped to provide new opportunities for Batswana. Highlighting the five-year deal\u2019s finer details, BOL Chief Executive Officer (CEO), Meshack Tshekedi revealed the agreement was […]<\/p>\n","protected":false},"author":84,"featured_media":17025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-17026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nAn Appetite For Oil - Botswana<\/title>\n<meta name=\"description\" content=\"As part of their mandate to increase citizen participation in the fuel supply value chain, Botswana Oil Limited\u2019s (BO ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/an-appetite-for-oil\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An Appetite For Oil\" \/>\n<meta property=\"og:description\" content=\"As part of their mandate to increase citizen participation in the fuel supply value chain, Botswana Oil Limited\u2019s (BO ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/an-appetite-for-oil\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-16T12:39:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-16T16:19:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/11\/postQueueImg_1668589838.22.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/an-appetite-for-oil#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/an-appetite-for-oil\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"An Appetite For Oil\",\"datePublished\":\"2022-11-16T12:39:00+00:00\",\"dateModified\":\"2022-11-16T16:19:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/an-appetite-for-oil\"},\"wordCount\":562,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/an-appetite-for-oil#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/11\/postQueueImg_1668589838.22.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/an-appetite-for-oil#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/an-appetite-for-oil\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/an-appetite-for-oil\",\"name\":\"An Appetite For Oil - 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