Tag: Sol
Sol owners want $500k donation spent on security
(CNS): The Simpson Group, the owners of Sol, one of the two suppliers of fuel to the Cayman Islands, has pledged to make a donation of US$1 million to the R3 Cayman Foundation, created by Ken Dart, and is asking that half the money is spent on national security projects. Sol MD David Simpson said […]
Fuel suppliers dominate consultation
(CNS): Only two private individuals contributed to OfReg’s consultation exercise on consumer protection rules for the fuel sector, according to details released by the regulators. Despite broad concern about fuel prices and standards here, the public discussion was dominated by the suppliers, SOL and Rubis, both of which suggested that new regulations would push up […]
Suppliers blame cost of living for pump prices
(CNS): The irony of claims by the two major wholesalers of fuel in Cayman that the cost of living here was causing high gas prices was not lost on Public Accounts Committee Chair Ezzard Miller on Wednesday. Pierre Magnan, president of the Sol Group, and Nicolas de Breyne, VP of Rubis, both blamed fixed costs […]
Sol fined $200k over fuel tank blaze
(CNS): Sol Petroleum Limited has been fined just CI$200,000 plus costs of CI$86,700 by the utilities regulator in connection with the dangerous fuel tank blaze at the Jackson Point Terminal last summer. Sol has accepted responsibility and paid the administrative fine, which the Utility Regulation and Competition Office (OfReg) said reflected the potentially serious nature of the blaze and […]
Sol avoids admitting safety breaches
(CNS): Bulk fuel supplier, Sol, has released another statement in the wake of a damning report by the utilities regulator regarding the fire at the Jackson Point fuel depot last year. However, Sol has yet to admit any responsibility in the events that led up to the dangerous incident, which could have been catastrophic. In […]
Welding repairs triggered fuel tank fire
(CNS): A report by the utilities watchdog, OfReg, has found that a fire at the SOL fuel tanks in Jackson Point last summer was due to welding work that had been done inside one of the tanks on the previous day while it was still in use. The regulator has pointed to a list of factors […]
Irma will not disrupt supplies to Cayman
(CNS): If deadly superstorm Irma continues on its projected track, it will pass as a category 4 hurricane directly over South Florida and could cause severe damage to Miami, which is the main hub for goods heading to the Cayman Islands. However, residents here do not have to worry about shortages of medication, groceries or […]
No plans to move fuel depot following fire
(CNS): The planning minister has confirmed that the government has no immediate plans to move the fuel tank storage facility at Jackson Point in South Sound, George Town, despite heightened concerns following what could have been a catastrophic fire in one of the tanks last month. Joey Hew told the Legislative Assembly during the recent […]
Sol’s early review of tank fire inconclusive
(CNS): The local bulk fuel supplier has apologised to the Cayman people for the dangerous fire in a petroleum tank at the Jackson Point Terminal last Sunday. Sol Cayman Limited said that an initial investigation into what happened was inconclusive because it also requires an internal physical inspection of the tank, which must be fully […]
‘All clear’ after fuel terminal fire
(CNS): Fire crews worked for more than eight hours through Sunday night to douse a blaze at the Jackson Point Fuel terminal which saw residents in South Sound evacuated until the early hours of Monday. The Cayman Islands Fire Service gave the all clear for residents to return home shortly before 3:00am after what the […]
Customs knows bulk fuel pricing mark-up
(CNS): The acting information commissioner has said that customs was right to refuse an FOI request and withhold information about the price bulk suppliers are paying for the fuel it imports into the Cayman Islands because lifting the lid would be a breach of confidence that would not be overridden by public interest. However, Jan Liebaers revealed that […]
