March 12, 2018 [All Africa] - Botswana Oil Limited (BOL), a company wholly owned by government, will introduce rural area energy centres (RAECs) to mitigate the challenge of access to fuel in remote areas that are not serviced by the market.
Briefing the Central District Council about BOL, the general manager of operations, Mr Mosetlho Kenamile said BOL would engage in the distribution of petroleum products to the rural areas where multinationals were unable to operate.
The RAECs would be exclusive to citizen emerging companies or local communities, Mr Kenamile revealed, and added that it was a deliberate BOL strategy towards the empowerment of the former.
He also said the company was working in conjunction with Botswana Bureau of Standards where the development of appropriate standards was at an advanced stage. He emphasised the importance of safety at fuel storage tanks and the dangers thereof.
Mr Kenamile also said BOL was facilitating citizen owned companies by offering storage rental to citizen emerging companies at both BOL managed depots, training of CECs on the industry and preferential fuel supply tenders.
He said findings by BOL were that many CECs had expressed interest in participating in the oil industry whilst a few were active.
He added that the interest, as noted by BOL, was in the importation of petroleum products, transportation of petroleum products and consultancy.
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