The Antigua and Barbuda government announced Monday the
signing of an agreement that will see Venezuela pay $24 million for a stake in
the West Indies Oil Company. Prime Minister Gaston Browne met last Saturday
with Venezuela's foreign minister, Delcy Rodriguez, the government said. "We
had a most successful, most productive meeting. We have in essence and in
principal agreed to the terms of our arrangement, which include an equity
participation by Venezuela as well as a loan facility to help us to upgrade the
West Indies Oil Company facility," Browne said. More…
Tuesday, February 24, 2015
Antigua to receive $24 mn from Venezuela for stake in refinery
The Antigua and Barbuda government announced Monday the
signing of an agreement that will see Venezuela pay $24 million for a stake in
the West Indies Oil Company. Prime Minister Gaston Browne met last Saturday
with Venezuela's foreign minister, Delcy Rodriguez, the government said. "We
had a most successful, most productive meeting. We have in essence and in
principal agreed to the terms of our arrangement, which include an equity
participation by Venezuela as well as a loan facility to help us to upgrade the
West Indies Oil Company facility," Browne said. More…
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