The Energy Odyssey
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. It was the dawn of a new era in Antigua and Barbuda with the company established as an oil refinery and distribution entity. However, 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 remains the majority shareholder with a 51 per cent stake.
The last four years have heralded unprecedented growth in revenues as part of a turnaround of WIOC’s financial fortunes. The growth in revenues has come primarily from an expansion in our ‘Tank Farm’, which allows us to provide fuel storage capacity to undergird the core of our business. WIOC no longer carries out refining of crude oil, but instead we focus exclusively on storage and distribution of refined petroleum products. The corollary of this has not only been an improvement in our financial performance for the benefit of our shareholders, but it has also been good for the environment. In an age of climate change, this has allowed us to reduce our carbon footprint.
What an amazing odyssey it has been over the past 50 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 50 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.
The Future Of Energy Is Here
Your lives have been powered and transformed by our energy - it is not self-flattery, it is a fact. We do this by fulfilling the mandate set out in our vision; we are the premier oil storage and petroleum products provider in Antigua and Barbuda, Dominica and the rest of the Eastern Caribbean. Learn more...
As pre-eminent are quality and service to our business model and success; safety is another quintessential element of what we do and how we do it. We are committed to delivering service safely, preventing harm to our employees, contractors, local communities and the environment.
Our rise has been nothing short of meteoric, especially in the last four years. The results bespeak an expanding, agile company. Focused employees, strategic capital investment, exemplary customer service, best-in-class products and cutting-edge innovation; these are the sine qua non of what we do.