Friars Hill RoadAntigua and Barbuda, WI - 00000

Category: Major Projects

5 posts

Householders now have the option of purchasing Liquefied Petroleum Gas, or cooking gas in a more consumer-friendly cylinder. The company launched its new 25-pound-capacity cylinder. The cylinder is lighter and made of a rust-resistant material. Critically as well for consumers, the container holds more fuel, meaning even better value, according to Kiz Nathaniel, WIOC’s Special Projects Officer, speaking on the heels of the soft launch of the product on Friday, April 5 in St John’s.

The company, which is the sole distributor of cooking gas in Antigua and Barbuda, says the new product is initially available in three service stations; Friars Hill, outside the company’s headquarters, as well as the Spencer’s and Belle Vue locations. Roll-out is expected to continue on a phased basis across the entire network.

The Antigua-based West Indies Oil Company is to roll out one of its most expansive projects yet, in another tell-tale sign of its expanding reach and growing investment footprint. The company is to invest XCD$40 million into the construction of a business park along Friars Hill Road, with work expected to begin in 2019. This was disclosed during the 2019 Budget Presentation by Prime Minister and Minister of Finance, Corporate Governance and Public Private Partnerships, Hon. Gaston Browne.

The initiative represents a further diversification of the company’s activities and an expansion beyond its core business of oil storage and distribution. The project is to be rolled out in proximity to WIOC’s headquarters, and is expected to catalyze job creation and further economic activity in Antigua and Barbuda.

The Business Park is among a slew of expansion initiatives being pursued by the company this year as part of a XCD$50 million dollar investment in further organic growth in 2019.

The West Indies Oil Company has announced another major milestone in improving operational efficiency and service excellence. The newly-installed five-point Conventional Buoy Mooring System (CBM) north of the Sea Island Jetty is due for completion in June 2019. It introduces best-in-class modalities, by allowing for the transfer of products between tankers and WIOC’s shore facility. Critically, it allows for the simultaneous loading and off-loading of products. This brings enhanced efficiency and allows the company to further improve the delivery of various services to its customers.

Commenting on the new development, CEO Gregory Georges says, “This new installation will facilitate multiple vessel operations, improved operation times and faster turnaround of customer vessels and represents a remarkable upgrade to the company’s sea-side infrastructure.”

Even more improvements are being mulled, as the company keeps in step with international best practices.

The West Indies Oil Company, WIOC, has moved to significantly boost its storage capacity for Liquefied Petroleum Gas, or cooking gas in Antigua. The sole distributor of the product in the market has acquired eight additional containers, each with a capacity of forty-five thousand gallons.

The ‘bullets’ as they are referred to in the distributive trade, will ensure there is an adequate supply of LPG in the periods between shipments. This development heralds good news for both householders and business operators who rely on this fuel for meal preparation. In addition, it is also a prudent business decision by WIOC which points to the resultant reduction in freight costs. This is so because increased storage capacity means there is less frequent importation of LPG.

WIOC’s Chief Executive Officer, Gregory Georges says this development is a momentous one for the company and is congruent with its growth and development strategy to better serve its customers.

The transportation of the containers from the Deep Water Harbour was a major logistical exercise, but was completed without incident. They are now at the headquarters of the company on Friars Hill Road and are to be installed shortly.

The West Indies Oil Company has credited a determined approach to institutional strengthening for the impressive turnaround and expansion of its operations. The company now boasts storage capacity of 1.7 million barrels, a significant surge from 600,000 barrels. This culture of high-performance has been the corollary of a change-management orientation which has touched every facet of the organization.

Company executives have pointed to a reform of the organization’s ethos to make it consonant with the objectives of service excellence. All employees have been engaged in this exercise. While ongoing, it has already shaped a new organizational mindset. The Antigua-based company has indicated that it is proud that internal stakeholders at all levels are now the standard-bearers of this approach, which involves understanding and balancing the needs of multiple stakeholders and becoming more customer-centric.

Human Resource Manager, Marlene Bailey commending employees for embracing this new paradigm. She says, “Instead of resistance, the culture is now typified by resilience. Employees have increasingly become open to, and supportive of the new business processes.”

In this area as well, WIOC’s executive team says the company is leading the change; it also says the best is yet to come, as the climb to the apogee continues.