Botswana’s state-owned oil company, Botswana Oil, has announced plans to secure long-term contracts with its suppliers in order to maintain consistent fuel availability at filling stations across the country. The move comes as Botswana Oil has been granted exclusive rights to import 90% of the landlocked nation’s fuel requirements starting from April, with the aim of reducing market volatility.
In the coming weeks, Botswana Oil will initiate a request for proposals (RFP) process to solicit bids from potential suppliers for long-term contracts lasting at least a year. By entering into such agreements, the company seeks to ensure stability in fuel supply and mitigate any disruptions that may arise due to fluctuating market conditions.
The decision to pursue long-term contracts reflects Botswana Oil’s commitment to fulfilling its mandate of effectively managing the country’s fuel procurement and distribution system. By establishing reliable partnerships with suppliers, the company aims to optimise its operations and uphold its responsibility to provide consistent and uninterrupted access to fuel for consumers nationwide.
With Botswana heavily reliant on imported fuel to meet its energy needs, the strategic approach adopted by Botswana Oil is crucial for safeguarding the country’s energy security and promoting economic stability. By proactively addressing potential supply challenges through long-term agreements, Botswana Oil aims to foster resilience in the nation’s fuel supply chain and ensure the continued smooth functioning of its transportation and industrial sectors.