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Meeting 5

Questions received for the Fifth Meeting of the 2013/14 Session of the Cayman Islands Legislative Assembly.

Questions to Honourable Ministers and Members of the Cabinet

The Leader of Opposition, Hon McKeeva Bush to ask the Hon D Kurt Tibbeetts, the Minister of Planning, Agriculture, Lands, Housing and Infrastructure.

No. 1: Can the Honourable Minister say if Government, the Ministry or the Minister had any involvement or knowledge of the sale of ESSO to Sol Petroleum?

Answer:

Madame Speaker, after hearing a rumor that ESSO Grand Cayman was sold, the Government contacted the ESSO Country Manager (Alan Neesome) to learn that Simpson Oil Limited ISOLJ was in negotiations with ExxonMobil (ESSO) to purchase its remaining assets in the region. A subsequent announcement by ESSO on June 28th 2073 stated that ESSO's Management signed the Sale/Purchase Agreement in the United Kingdom with SOL Investment Limited (based out of Barbados) for the sale of its business.

Again, the Government was not informed that deal between ESSO and SOL was finalized and learned of this via rumors. Through the Government's own investigation it learnt that in the deal completed in January 2014 SOL acquired the assets of Grand Cayman, along with Bahamas, Barbados, Bermuda and the Dominican Republic. However, before this information was released publicly neither the Ministry of PLAHI nor the Chief Petroleum Inspectorate was formally advised by ESSO/SOL (Grand Cayman) of this transaction.

In fact the Chief Petroleum Inspector, read the news of the recent sale via the SOL's website and subsequently contacted ESSO regarding the matter, ESSO confirmed that the negotiations are now completed. The Country Manager apprised the Chief Petroleum lnspector that an application has been made for changes to the legal structure of the company here in Grand Cayman (name change, bank accounts, letter heads, etc.), Other formalities that need to be completed locally are the rebranding of fuel trucks, the aviation fleet and terminal offices by the end of January.

Meeting 3

Questions received for the Third Meeting of the 2013/14 Session of the Cayman Islands Legislative Assembly.

Questions to Honourable Ministers and Members of the Cabinet

The Leader of Opposition, th Elected Member for West Bay to ask the Deputy Premier, the Honourable Minister of District Administration, Tourism and Transport

No. 1: Can the Honourable Minister say whether the Cayman Islands Airport Authority has employed a Project Manager? If the answer is yes, can the Minister say

  1. What was the process used to select a Project Manager;
  2. What is the salary being paid; and
  3. Whether the individual has been employed as a project Manager before, and what projects did he recommend and/or supervise?