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Namibia and Botswana are embarking on a historic energy collaboration, as both Southern African nations have formally agreed to develop a jointly-owned oil refinery. This
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- What are the objectives of Botswana Oil (Bol)?
- The objectives of Botswana Oil (Bol) are to ensure the security and efficiency of fuel supply to Botswana and promote active citizen involvement in the petroleum industry. BOL is wholly owned by the Government of Botswana, represented by the Ministry of Minerals and Energy, and incorporated under the Companies Act of Botswana.
- What is Botswana Oil Limited (BOL)?
- Botswana Oil Limited (BOL) serves as a primary distribution channel to the wholesale market. It was established to support the Government of Botswana in achieving two broad, national economic objectives.
- When did Botswana Oil launch road loading?
- On 10th October 2024, Botswana Oil Limited (BOL) celebrated and launched the Road Loading.
- Will the global supply of CPO increase in 2025 -2027?
- The global supply of CPO is forecast to expand by 2.5-3.5% over the three years from 2025 to 2027, in line with global oil palm production growth projected at 4.0-5.0% annually during 2025 -2026, benefiting from favorable weather conditions due to the La Niña phenomenon, which is expected to boost oil palm yield per hectare.
- Why are palm oil prices so high in 2024?
- The ongoing export restrictions by competing countries are expected to sustain high palm oil prices beyond 2024. Between 2025 and 2027, the palm oil industry is expected to expand due to increased production driven by favorable weather conditions from La Niña impacts, which will lead to higher yields per rai of oil palm.
- How did palm oil market perform in 2024?
- Domestic sales strengthened in 2024 on heavier demand for use in the transport industry, although consumption of refined palm oil contracted (Table 2). Demand for crude palm oil inched up 0.3% to 2.49 million tonnes.
