Johannesburg - African oil and gas company SacOil on Thursday said it has been given the right to explore for oil in Botswana, Africa's diamond capital.
The independent upstream oil and gas company, through its Botswana subsidiary Transfer Holdings, said it has been granted three exploration licenses by the Botswana Department of Mines.
SacOil has interests in Nigeria, the Democratic Republic of the Congo and Malawi.
Botswana's mineral industry provides about 40 percent of all government revenue but the country's policy makers have been trying to reduce the economic dependence on the sector. - Reuters