The West Indies Oil Company (WIOC) has announced plans to further expand its services.
Chief Executive Officer of WIOC Gregory Georges who was speaking on ZDK’s Your Views this morning announced plans to expand the 1 million barrel facility to now accommodate 1.5 million barrels.
Georges said this means that an additional 5 million dollars will be spent in addition to the 15 million dollars exhausted on facility for the year.
The CEO credited the move on WIOC shareholders for their long-term investment into the Company.
Meantime the Chief Executive Officer said that since the government’s acquisition of majority shares in the Company, there has been significant improvement to product services offered.
For example the company expanded the tank farm which has allowed the Company to offer storage of fuel to neighboring countries and international Companies, Plus the offering of a bunkering facility for cruise ships through partnership with international giant oil Company Shell Cruise Industry which will naturally draw cruise ships to the destination thereby making it more competitive.
He commended the government for these initiatives particular the Prime Minister and the Minister of Tourism.