Botswana Oil Limited (BOL) was established to support the Government of Botswana to achieve two broad, national economic objectives. These objective are to ensure the security and efficiency of fuel supply to Botswana and promote active citizen involvement in the petroleum industry.
BOL is wholly owned by the Government of Botswana, represented by Ministry of Mineral Resources, Green Technology and Energy Security, and incorporated under the Companies Act of Botswana.
- Ensure security and efficiency of supply of petroleum products for Botswana.
- Manage state-owned strategic fuel reserve facilities, strategic stocks, bulk storage and distribution of petroleum products.
- Assist emerging companies in the petroleum sector to participate meaningfully in the industry.
- To achieve fuel self-sufficiency and diversification of the economy.