WIOC Commissions new tanks

Even as the West Indies Oil Company Limited (WIOC), commissioned three new tanks, plans have already been announced for further expansion.
Gregory Georges, Chief Executive Officer (CEO), of the company made the disclosure yesterday during the ribbon-cutting ceremony to commission two 100,000 and one 200,000 barrel tanks, with a combined capacity of 400,000 barrels of fuel.
“We have just invested heavily in our land infrastructure. Our executives will now be seeking our board’s approval to invest in our seaside infrastructure – such that our facility will be able to accommodate two tankers simultaneously,” Georges said.
Additionally, the company will be looking to invest in a third berthing facility.
He said approval will also be sought to upgrade fuel service stations in both Antigua and Dominica. Georges added that safety and security initiatives will also be undertaken.
“We have done a good job regarding aesthetics but more importantly the security of our terminal and safety [of] our employees is critical. Therefore, in 2018, we will be making additional upgrades,” Georges said, adding that that construction will begin on two new tanks within another few months.
The CEO also used the opportunity presented at the ceremony to give a rundown of WIOC’s performance over the past year, stressing that the company has made significant strides and will continue to do so.
Well over US $20 million was spent from WIOC’s own coffers for the new tanks.
WIOC will partner with CIBC FirstCAribbean International Bank to fund future upgrades.
Prime Minister Gaston Browne, who delivered the feature remarks, said his government is pleased to be celebrating the transformation and renewal of WIOC.
(More in today’s Daily Observer)