Govt eyeing BP, Shell for state oil company?
Government is studying the possibility of securing BP or Shell’s infrastructure for a planned state oil company, Business Week has learnt.
Both BP and Shell recently announced their intentions to exit the Botswana market, with the former citing a strategic review and the latter a shift to exploration and production as opposed to refinery and marketing.
Shell and BP are Botswana’s two biggest and oldest petroleum retailers with extensive infrastructure countrywide and lucrative contracts across industry, many of these with government departments. Together, the two titans have 75 retail sites across the [continue reading]