[Barbados, Fuellers] Rubis action ‘timely’

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[Barbados, Fuellers] Rubis action ‘timely’

Unread post by bimjim » Thu Mar 30, 2017

http://www.nationnews.com/nationnews/ne ... ion-timely

[Barbados, Fuellers] Rubis action ‘timely’
BARRY ALLEYNE
30 March 2017

RUBIS CARIBBEAN simply wants a fair share of the oil pie in Barbados, which led the French company to seek injunctive relief from the Supreme Court to halt the sale of the Barbados National Terminal Company Limited (BNTCL) to its main competitor, Sol.

In an interview with the DAILY NATION yesterday, Rubis’ chief executive officer Mauricio Nicholls said if the BNTCL sale was approved, it would have prevented them from constructing another oil terminal, along with the granting of any licences for the storage of fuel, something which the France-based company has a major problem with.

Rubis applied to the High Court last weekend for a judicial review of the sale agreement, containing a 15-year moratorium clause, which was being reviewed by the Fair Trade Commission (FTC).

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