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As Jan. 21 Deadline Approaches, Financial Documents Raise Questions About West Indies Petroleum's Ability…

Staff Consortium | December 29, 2021

As West Indies Petroleum prepares to close on the Limetree Bay Refining, LLC asset, which has a deadline of January 21, 2022, new concerns about WIPL's financial health have surfaced courtesy financial documents reviewed by the Consortium. It remains to be seen whether WIPL has the wherewithal to finance operations and to effectively maintain the asset for a restart while it goes through the Environmental Protection Agency's 12-18 months Prevention of Significant Deterioration (PSD) permitting process as stipulated in the letter to the bankruptcy court submitted by the EPA. Limetree Bay's investment banker stated during the Dec. 6 auction sale hearing that WIPL was in sound financial condition. And Governor Albert Bryan on Dec. 13 told the Consortium he had met with principles of the company on Sunday, Dec. 12. "It was a meet and greet,"…

Feature | New Developments in Vaccine Procurement…

Staff Consortium | September 26, 2021

Bryan Holds Meeting to Discuss Challenging Laws That…

Ernice Gilbert | August 18, 2021

Last updated at 7:34 a.m. on Wed. Aug. 19, 2021 Governor Albert Bryan corralled his legal counsel, V.I.…

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