The groundwork for an energy revolution in Antigua and Barbuda and across the broader Eastern Caribbean was laid in 1965. Natomas AND Amaco International Oil established West Indies Oil Company Ltd to capitalize on a unique business opportunity.
Expansion was in our DNA. We then extended our business reach in 1972 and opened a satellite terminal operation in Canefield, Dominica.
Another defining epoch would come in 2015 when the government of Antigua and Barbuda acquired the shares of West Indies Oil Company. Some of those shares were sold to Petroleum of Venezuela S.A. (PDVSA) and Chinese Company-Fancy Bridge Limited.
The government of Antigua and Barbuda decided to divest 10 percent of its shares in the company to the public. West Indies Oil Company (WIOC) acquired more than 1000 new shareholders and the company was officially listed on the Eastern Caribbean Security Exchange (ESCE) approximately one year later.
What an amazing odyssey it has been over the past 60 years! Our company is the epitome of strength and stability in the markets where we operate. As phenomenal as the last half century has been, the next 60 are replete with promise and possibility that stretch the boundaries of imagination. Our best days are ahead of us; an exciting new age of innovation in the Fourth Industrial Revolution promises more effective ways to serve you. Afterall, you are the reason energy lives here.