Financial Wire

Oman, Botswana Deepen Energy Ties with Fuel Security, Solar Projects

-- Oman and Botswana have signed a series of agreements to expand cooperation in fuel security, energy infrastructure, and renewable power development, the Omani Foreign Ministry said in a statement on Monday.

A key deal brings together OQ, Oman's state-owned integrated energy company, and Botswana Oil, Botswana's state-owned entity responsible for fuel procurement, storage, and national supply management. The two sides will assess the feasibility of developing integrated fuel supply and storage systems to strengthen Botswana's long-term energy security.

"OQ and Botswana Oil will assess the feasibility of creating an integrated platform combining coastal import and storage solutions with inland strategic stocks-a model intended to solidify security of supply and improve supply chain efficiency in order to meet Botswana's long-term fuel needs," the statement said.

The initiative builds on a 2025 cooperation framework covering technical, commercial and regulatory coordination. Early-stage work will focus on validating feasibility assumptions, determining strategic stock levels, and evaluating supply options.

In parallel, renewable energy cooperation is advancing. O-Green has signed a power purchase agreement with Botswana Power Corporation to develop a 500-megawatt solar photovoltaic plant in Maun, supported by a 500-MW battery energy storage system.

The project is the first to move into execution under a broader 3,000-MW energy cooperation framework agreed in 2025. It is expected to significantly expand Botswana's generation capacity and improve grid stability through large-scale energy storage.

Botswana aims to generate 50% of its electricity from renewable sources by 2030, reducing dependence on imports.

The package also includes further cooperation in petroleum storage infrastructure and broader collaboration across solar, wind and hydrocarbons, combining immediate energy security needs with long-term decarbonization goals.

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Oman, Botswana Deepen Energy Ties with Fuel Security, Solar Projects | Financial Wire