Sol celebrates 10 years of operations in the Caribbean and announces the expansion of the Sol Retail Brand in the Eastern Caribbean. Following a conversion exercise from Shell to Sol, service stations in Barbados, Grenada, St. Lucia and St. Vincent adopted the Sol Retail Brand. Select service stations in Barbados, however, will be converted to Esso as part of the rebranding effort. Sol reaffirms its commitment to Shell as a licensee of the Shell brand in Belize, Guyana, Suriname and Puerto Rico and remains the largest macro distributor of the Shell Lubricants portfolio in the region.
In addition to reaching a landmark anniversary, Sol increased its share in the SARA refinery to 29% signifying a 100% increase from the previous 14.5%. This increase comes after the exit of Total from SARA on May 13, 2015 and Sol capitalising on the opportunity to strengthen its position at the refinery. This increased shareholder position at SARA follows Sol’s initial purchase of ExxonMobil’s Caribbean businesses in 2014 across the Western Caribbean, Martinique and Guadeloupe.