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By Kadeem Joseph Kadeem.joseph@antiguaobserver.com For the last two days, the most recent increase in the price of oil and gas has dominated the news and social media discussions, fuelled by debates on how many residents will be able to cope under already difficult economic circumstances. As of Monday, the price…
By Orville Williams orville.williams@antiguaobserver.com Motorists will have to wait until the next shipment of fuel arrives in the country to find out whether there will be any change in prices at the pumps. That was the word from Cabinet Spokesperson, Information Minister Melford Nicholas, during yesterday’s post-Cabinet media briefing. The…
As the world pays attention to the conflict between Russia and Ukraine and the possible effect on supply chains and oil prices, residents are being assured that…
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Last Friday was the final day for residents to purchase their stake in West Indies Oil Company (WIOC).
The government of Antigua and Barbuda announced in March that it was divesting 10 percent of its holdings in the oil company.
Fifty percent of the offer was reserved for public servants and the remainder for other citizens and institutions of Antigua and Barbuda, the OECS and Caricom.
The share offer price was fixed at EC$60 per share with a minimum allocation of 50 shares per applicant.
The offer was to end on April 21 but was extended to May 21.
CEO of the oil company, Gregory Georges, told Observer the investments are now being collated.