Botswana Oil Limited (BOL) was established in order to achieve the Botswana Government’s broader economic objectives of ensuring security of fuel supply and facilitating active citizen involve- ment in the petroleum industry. As the National Oil Company of Botswana, Botswana Oil Limited serves as the Government’s transformation agent charged with this important responsibility.
BOL is a company incorporated under the Companies Act of Botswana. It is wholly owned by the Botswana Government, represented by Ministry of Mineral Resources, Green Technology and Energy Security (MMGE). The company functions under defined governance and operating principles to inform and guide its operations.
Botswana Oil Limited serves as the Botswana Government’s transformation agent and is mandated to:
- Ensure the security and efficiency of supply of petroleum products for Botswana
- Manage state-owned strategic fuel reserve facilities, strategic stocks as well as bulk storage and distribution
- Facilitate the participation of citizen emerging companies in the oil and gas sector