Botswana Oil Limited is a company incorporated under the Companies Act of Botswana. It is wholly owned by the Botswana Government, represented by the Ministry of Mineral Resources, Green Technology and Energy Security. The Company operates under defined governance and operating principles.
In keeping with its vision “To be a significant player in the oil and gas industry”, BOL needs to be adequately prepared to fully assume this mandate.
The Botswana Energy Regulatory Act confers upon the Botswana Energy Regulatory Authority (BERA) the authority to license any and all players in the petroleum sector (exploitation and production) as well as to regulate and approve tariffs. BOL adheres to these regulations in the delivery of its mandate.