Botswana is highly reliant on imports of refined petroleum products to meet the liquid fuels demand since the country does not have any proven crude oil reserves/refineries. By far, a large amount of liquid fuels supply comes from South Africa.
Will Botswana convert coal into liquid fuel?
REUTERS/Siphiwe Sibeko//File Photo Purchase Licensing Rights GABORONE, May 16 (Reuters) – Botswana plans to build a $2.5 billion plant to convert coal into liquid fuels as the diamond-rich Southern African country looks to reduce reliance on imported fuel, a state oil company official told a mining conference on Monday.
What is Botswana oil company (Bol)?
The National Oil Company, Botswana Oil Limited (BOL) ensures security of supply of petroleum products; operation and management of the government strategic petroleum reserves and is also mandated to promote meaningful citizen participation in the petroleum and gas sectors.
How does Botswana transport petroleum products?
The adopted modes of transporting petroleum products are rail and road which are not economic for the country. The industry is dominated by multinational oil companies and the prices for petrol, diesel and illuminating paraffin are controlled by the Botswana Energy Regulatory Authority (BERA).