DCA
Prime Minister Gaston Browne has responded to questions from the opposition regarding the operations of the West Indies Oil Company (WIOC).
The discussion arose following concerns about WIOC’s decision to sell a building to the Prime Minister’s son.
During the parliamentary session last week, Prime Minister Browne emphasized that WIOC operates independently of the government.
He clarified that while the government holds shares in WIOC, it does not interfere with the company’s day-to-day operations.
“We do not give directions to or get involved in the operations of the West Indies Oil Company,” stated Prime Minister Browne. “It is not for the cabinet to determine with whom they do business.”
Highlighting WIOC’s role as a separate limited liability company, Prime Minister Browne reiterated that it is not a government department but rather an entity in which the government of Antigua and Barbuda has invested.
“West Indies Oil Company operates independent of the government of Antigua and Barbuda,” emphasized Prime Minister Browne. “We are investors, and what we expect of West Indies Oil Company is that the company will operate profitably.”
Prime Minister Browne also emphasized the financial aspect of the government’s relationship with WIOC, stating, “At the end of each year, we will get a check covering the taxes that are due as well as a check covering the dividends representing our share of the profits.”
The Prime Minister’s remarks sought to clarify the separation between the government’s ownership stake in WIOC and the company’s autonomous operations.
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