Botswana Oil Limited

1. Company Profile – Botswana Oil Limited

Botswana Oil Limited (BOL), serves as the Government of Botswana’s transformation agent in the oil industry and is mandated to ensure 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. The entity is also responsible for facilitating participation of citizen companies in the petroleum sector.

Wholly owned by the Government of Botswana, represented by Ministry of Mineral Resources, Green Technology and Energy Security; the company functions under defined governance and operating principles to inform and guide its operations. Botswana Oil Limited is registered under the Company’s Act and started operating in July 2013.

2. Mandate

Botswana Oil Limited is the National Oil Company (NOC) of Botswana responsible for ensuring security of fuel supply for the benefit of all Batswana. The company is mandated to:

- Ensure 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; and

- Facilitate participation of citizen emerging companies in the petroleum sector.

3. Botswana Oil Limited - Vision Statement

The vision statement below captures what Botswana Oil Limited aspires to be in the future.

To be a significant player in the Oil & Gas Industry.

4. Botswana Oil Limited - Mission Statement

The mission statement defines why the company exists. Botswana Oil Limited’s mission is:

Ensuring security and efficiency of supply of petroleum products for Botswana and facilitation of Citizen Emerging Companies.