Botswana Oil's 90% fuel import mandate faces intensified review amid industry pushback

A review of Botswana Oil's mandate to import 90% of the country's fuel supplies, initiated last year, is reportedly intensifying. Analysts view this sole responsibility as a potential risk, particularly given ongoing global events. Multinational oil companies, which previously held import mandates, have reportedly advocated for a reduction in Botswana Oil's 90% quota. This position has been further solidified by the Middle East crisis. Engen Botswana, a listed oil company, recently reported a 55% decrease in pretax profits, which its directors attributed to the implementation of the petroleum products importation quota.