Oman and Botswana Sign Agreements Covering Energy, Mining, and Solar Development

Haitham bin Tarik and Duma Gideon Boko presided over the signing of multiple cooperation agreements between Oman and Botswana at Al Barakah Palace, during the official visit of the Botswana President to the Sultanate.

The agreements span key sectors including mineral exploration, petroleum storage infrastructure, and renewable energy development, reflecting efforts to strengthen bilateral economic cooperation.

According to Oman Investment Authority (OIA), the initiatives form part of Oman’s broader economic diplomacy strategy aimed at building international partnerships and attracting foreign investment. OIA President Abdulsalam Mohammed Al Murshidi stated that the agreements represent a rapidly evolving relationship between the two countries, progressing from initial engagements in mid-2025 to formalized investment projects.

In the energy sector, OQ Group and Botswana Oil signed an agreement to evaluate strategic cooperation in fuel supply and storage infrastructure. The partnership will assess the feasibility of developing an integrated system combining coastal import facilities with inland strategic reserves to enhance fuel security and supply chain efficiency in Botswana.

The companies will conduct technical and commercial feasibility studies, including evaluations of supply models, storage requirements, and regulatory frameworks. The collaboration builds on a prior agreement signed in November 2025, which established a framework for cooperation across technical, commercial, and regulatory domains.

In the renewable energy segment, O-Green signed a Power Purchase Agreement (PPA) with Botswana Power Corporation for the development of a 500 MW solar photovoltaic project in Maun, Botswana. The project will include a 500 MW battery energy storage system (BESS), aimed at enhancing grid reliability and supporting peak demand management.

The Maun solar project marks the first initiative to move into the implementation phase under a broader 3,000 MW energy cooperation framework established between the two countries in 2025. Once operational, it is expected to significantly increase Botswana’s power generation capacity and contribute to the country’s target of sourcing 50% of its electricity from renewable energy by 2030.

Separately, Minerals Development Oman and Exploration Investment Company Botswana signed an agreement to collaborate on mineral exploration and geological evaluation. The partnership will focus on data sharing, technical capacity building, and joint investment opportunities in strategic minerals, with the aim of developing a productive mining operation.

Officials from both countries indicated that the agreements are expected to support long-term economic growth, enhance energy security, and expand cooperation across multiple sectors, including clean energy, hydrocarbons, logistics, and mining.