Antigua Barbuda’s Ownership In West Indies Oil Company Is Already Paying Off, With Government To Receive Money Shortly

The bold move by the government to stake ownership in the West Indies Oil Company is already paying dividends, and tangibly so.

Prime Minister Gaston Browne revealed yesterday that the government will shortly receive some seven million dollars from the company as its share in the profits of the company for this year.

In championing the cause of his government’s ground-breaking policy of entrepreneurial socialism, Prime Minister Browne says before his administration’s intervention, the profits from the company were going solely to the owners.
He says the country is now poised – as a result of his government’s initiative – to gain so much more as WIOC continues to expand.