His Majesty Sultan Haitham bin Tarik, the Sultan and Prime Minister of Oman, and President Duma Gideon Boko of Botswana, has graced the signing of several cooperation agreements between the two countries at Al Barakah Palace.
The signing ceremony took place within the framework of the working visit of the President of Botswana to the Sultanate of Oman. The agreements covered the fields of mineral exploration, the development and operation of two petroleum product storage facilities, and the development, construction, and financing of a solar photovoltaic power plant.
Abdulsalam Mohammed Al Murshidi, Chairman of the Oman Investment Authority (OIA), said that the agreements reflect Oman’s economic diplomacy, with OIA acting as its executive arm. He noted they will help deepen strategic ties, build high-quality international partnerships, and attract foreign investment into Oman.
He added that Oman-Botswana relations have advanced rapidly since initial meetings in July 2025 and the establishment of diplomatic ties, evolving into concrete investments and projects. Groundbreaking is set to begin immediately, with further opportunities under consideration across clean energy, hydrocarbons, mining, logistics, food, and financial services, creating export prospects for Omani companies.
An agreement between OQ and Botswana Oil to assess strategic cooperation aims to strengthen fuel security and develop integrated supply and storage infrastructure in Botswana and the wider region. Building on a prior investment cooperation agreement signed on 25 November 2025, it establishes a structured framework covering technical, commercial, and regulatory collaboration.
The two sides will evaluate opportunities, conduct feasibility studies, and define a commercial structure, including refined product supply arrangements. They will also assess an integrated model combining coastal import and storage with inland strategic reserves to enhance supply security and efficiency.
Image credits: ONA | Cropped by GBN
Leveraging OQ’s capabilities across the energy value chain, from trading and logistics to infrastructure and supply, the cooperation will support project structuring and long-term viability, including storage and distribution facilities.
The initial phase will validate technical and commercial assumptions, define stock requirements, and assess supply models, alongside setting governance frameworks, tariffs, volume commitments, and risk allocation, in line with health, safety, and environmental standards.
OQ Group CEO Ashraf Hamad Al Maamari noted that the agreement reflects OQ’s partnership-driven approach and global expertise, expressing confidence in delivering practical, scalable solutions that enhance fuel security and generate sustainable investment opportunities.
Acting CEO of Botswana Oil, Latelang Chakalisa, emphasized that fuel security is a national priority and that the partnership will help evaluate integrated supply solutions and establish robust commercial and regulatory frameworks.
Key deals between Oman and Botswana
Maun project deal
Separately, O-Green, a subsidiary of OIA, signed a Power Purchase Agreement with Botswana Power Corporation (BPC) to develop a 500 MW solar photovoltaic plant, supported by 500 MW battery energy storage systems, in Maun.
The Maun project is the first to reach implementation under the broader 3,000 MW Oman–Botswana energy cooperation framework agreed in November 2025, marking a shift from planning to execution.
Image credits: ONA | Cropped by GBN
It represents one of Botswana’s largest renewable energy investments and a major step toward meeting 50 percent of electricity demand from sustainable sources by 2030. President Boko said the agreements are strategically significant, enabling Botswana to achieve energy self-sufficiency and transition into a power exporter.
O-Green CEO Mustafa Mohammed Al Hinai said the project supports Botswana’s ambition to become an energy-exporting nation, while strengthening its position as a regional energy hub. Once operational, it will double the country’s effective generation capacity, with battery storage enhancing grid reliability and peak demand management.
Oman-Botswana mining deal
In mining, Minerals Development Oman (MDO) and the Exploration Investment Company Botswana (EICB) signed a cooperation agreement to advance exploration and geological assessment, with the goal of jointly developing a producing mine.
The partnership includes data sharing, technical capacity building, and evaluation of joint investments in strategic minerals, supporting sustainable development, knowledge transfer, and value creation in the mining sector.
