Botswana Oil Limited says it is finalising talks with Oman’s state-owned OQ Trading over plans to develop a 100 million litre coastal fuel storage facility in Namibia.
Botswana Oil Chief Executive Officer Meshack Tshekedi said the companies are working towards jointly developing the storage facility to support fuel imports and improve supply reliability.
“We are looking at approximately 100 million litres of storage capacity, which will facilitate the importation of fuel from the Middle East and Europe and enhance our self-sufficiency in terms of supply,” Tshekedi told The Projects Magazine on the sidelines of the Mining Indaba in Cape Town.
“We are in advanced discussions to finalise the financing structure and management structures for this collaboration, so that this project can take off,” he said.
Botswana Oil, the national oil company operating under Botswana’s Ministry of Minerals and Energy, signed a Memorandum of Understanding with OQ Trading in November 2025 to explore strategic cooperation in energy infrastructure development, petroleum product supply and trading.
