IF SOL ACQUIRES the Barbados National Terminal Company Limited (BNTCL), it may not only foster unfair competition but make the country less attractive for investment.
During a media briefing yesterday in the International Trade Centre, Warrens, St Michael, chief executive officer of Rubis Caribbean, Mauricio Nicholls, said this was why he hoped the Fair Trading Commission (FTC) would make a favourable decision.
“In every island, each oil company [either] owns its own import terminal [or] co-jointly owns terminals – which is beneficial as it’s more operationally efficient. In the oil industry it is extremely rare for a company to rely on a terminal wholly owned by a competitor. (CA)
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