His Majesty Sultan Haitham bin Tarik and President Duma Gideon Boko of the Republic of Botswana, presided over the signing of several cooperation agreements at Al Barakah Palace. The signing ceremony took place during the working visit of the President of Botswana to the Sultanate of Oman.

The agreements cover mineral exploration, the development and operation of petroleum product storage facilities, and the development, construction, and financing of a solar power plant.

Abdulsalam Mohammed Al Murshidi, President of the Oman Investment Authority (OIA), said that these new agreements with Botswana embody Oman’s economic diplomacy, for which OIA serves as an executive arm. He noted that their success opens the door to strengthening strategic relations with nations and establishing qualitative partnerships for the Authority and its companies abroad, while simultaneously contributing to attracting foreign investments into local sectors.

The OIA President added that the relationship with Botswana represents a model of mutual trust between the two parties, having evolved at a rapid pace from initial meetings in July 2025, and the subsequent establishment of diplomatic relations, to mutual visits that have been translated into investment agreements and projects.

He said that the groundbreaking for these projects will take place immediately following the signing of these agreements, which are part of a long list of other projects to be considered, particularly in clean energy sectors such as wind and solar power, fuels and hydrocarbons, as well as mining, logistics, food, and financial services. This, he noted, opens export opportunities for Omani companies operating in these sectors.

The signing of an agreement by OQ, the global integrated energy group, and Botswana Oil to evaluate strategic cooperation prospects aims to enhance fuel security and support the development of an integrated supply and storage infrastructure in Botswana and its surrounding region. This follows on from an investment cooperation agreement concluded on November 25, 2025, establishing a structured framework for cooperation in technical, commercial, and regulatory fields. Under this agreement, both parties will work to develop opportunities to reach an economic feasibility study and formulate an agreed commercial structure, including the evaluation of product supply arrangements.

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.

This cooperation is based on OQ’s extensive capabilities across the energy sector value chain, from trading and logistics to infrastructure development and product supply, in order to support the structuring of potential projects and ensure their economic feasibility, including the development of storage and distribution facilities that enhance the economic sustainability of the projects.

The initial phase of work will focus on verifying technical and commercial assumptions, determining strategic stock requirements, and evaluating alternative supply models, in parallel with establishing the necessary commercial and regulatory foundations to move forward with these opportunities. This will be done with strict adherence to health, safety, and environmental standards, and the definition of governance frameworks, tariff principles, volume obligations, and risk distribution.

Ashraf Hamed Al Mamari, CEO of OQ Group, said that the signing of the agreement with Botswana Oil reflects OQ’s partnership-based approach to developing the energy sector. He added that as a leading global group in energy investments, OQ harnesses its comprehensive expertise in the integrated energy value chain to serve this cooperation. He said he looks forward to working with partners in Botswana to evaluate practical and scalable solutions that contribute to enhancing fuel security and transform into sustainable, viable investment opportunities.

Latelang Chakalisa, Acting CEO of Botswana Oil, said that fuel security is a priority for Botswana. This cooperation with OQ allows for the utilisation of its international expertise to evaluate integrated supply and storage solutions while formulating commercial and regulatory frameworks, she added.

O-Green, a subsidiary of Oman Investment Authority, signed a Power Purchase Agreement (PPA) with the Botswana Power Corporation (BPC). This aims to develop a 500 MW solar photovoltaic plant, supported by integrated battery energy storage systems (BESS) of 500 MW in the city of Maun in Botswana.

The Maun project is the first initiative to enter final commercial implementation within the 3,000 MW expanded energy cooperation framework established between Oman and Botswana in November 2025, marking a shift from the strategic planning phase to the actual execution of projects on the ground.

The project is one of the largest investments in the history of renewable energy in Botswana and represents a decisive step in the country’s efforts to secure 50% of its electricity needs via sustainable sources by 2030. President Boko said that the energy agreements signed with Oman are of major strategic significance, as they will enable Botswana to achieve self-sufficiency and transition from being a power-importing nation to an exporter.

Mustafa Mohammed Al Hinai, CEO of O-Green, said that this project embodies Botswana’s desire to establish an advanced and reliable clean energy infrastructure. He added that this initiative lays the foundation for an integrated energy platform that will enhancesBotswana’s position as a regional hub for energy trade and expands the horizons for sustainable economic growth. Once operational, the plant will contribute to doubling Botswana’s current effective generating capacity, while the integration of battery energy storage technologies will enhance the reliability of the national grid and support demand management during peak times, ensuring the provision of renewable and sustainable energy supplies around the clock.

The cooperation agreement signed between Minerals Development Oman (MDO) and the Exploration Investment Company Botswana (EICB) aims to build a strategic partnership in the areas of exploration and geological evaluation of mineral wealth in Botswana, leading to the joint development of a productive mine.

The agreement covers the exchange of expertise and geological data, technical capacity building, and the study of joint investment opportunities in a number of strategic minerals. This will contribute to supporting sustainable development, knowledge transfer, and enhancing added value in the mining sector.