The Cabinet has marked the 11th anniversary of the transfer of the West Indies Oil Company Limited (WIOC) to public ownership, describing it as a transformative economic decision.
The move, led by Prime Minister Gaston Browne in 2015, has since generated more than EC$230 million in profits and driven approximately EC$270 million in infrastructure investment.
WIOC became the first Antiguan company listed on the Eastern Caribbean Securities Exchange in 2022, enabling citizens to purchase shares and benefit from dividends.
The company has expanded its operations through infrastructure upgrades, increased storage capacity, and regional business development initiatives.
Officials say WIOC is also exploring renewable energy investments as part of Antigua and Barbuda’s transition toward sustainability.
The government highlighted the company as a model for national asset ownership and economic diversification.
