BNTCL to be sold to SOL

PR/NB,

Added 11 January 2017

bnocl-oil-drilling-rig

A Barbados National Terminal Company Limited drilling rig. (FILE)

BARBADOS NATIONAL OIL Company Ltd. (BNOCL) has confirmed that it has signed an agreement with the SOL Group for the sale of the shares of its subsidiary, Barbados National Terminal Company Limited (BNTCL).

A release issued today said in accordance with the agreement, BNOCL will continue to source, import, own and distribute gasoline, diesel and fuel oil to all local marketers.

“Consumers will continue to access product at their regular sources as before. Prices at the pumps will only change in accordance with the price of imported products as is currently done,” the statement said.

Completion of the sale, which is subject to certain conditions including receipt of regulatory approvals, is anticipated to occur in the first quarter of 2017. (PR/NB)

JOIN THE DISCUSSION

Dos and Donts


Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus

VIDEO

FRONT COVER OF TODAY'S NEWSPAPER

POLL

Show able-bodied people be fined for using parking spots intended for disabled people?

Yes
No
Don't know

INSTAGRAM

CARTOON