In a ground-breaking development for the local oil and gas industry, Debswana Diamond Company and Botswana Oil Limited (BOL) have entered a strategic partnership that is aimed at capacitating citizen-owned companies in the fuel supply value chain. Through the agreement, BOL will play the facilitatory role of handholding and assisting emerging citizen-owned fuel supply and fuel transportation companies to supply Debswana’s Jwaneng and Orapa Letlhakane Damtshaa (OLDM) mines with diesel and petrol for their operations. This is part of Debswana’s Citizen Economic Empowerment Programme, which seeks to accelerate citizen participation in its supply chain. Through this agreement, Debswana expects to increase citizen companies’ market share in the fuel supply and transportation industries, which have over the years been dominated by foreign-owned suppliers. Consequently, the agreement will also ensure security of supply for Debswana operations which are a mainstay of the Botswana economy. Debswana procures approximately a 100 (one hundred) million litres of fuel per annum.
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