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Wednesday, August 12, 2015 9:07:05 AM
[/WOGI BAHAMAS
Mr. Hall our CEO in the end of May spent several days in the Bahamas and met with President of the Grand
Bahama Port Authority, Limited, Mr. Ian Rolle and Senior Business Development and Marketing Manager at
The Grand Bahama Port Authority, Limited, and Mr. Derek Newbold. During the meeting several business
opportunities where discussed including World Oil Professional Education & Certifications "WOPEC" an
online school which will act as adjunct to the seminars taught by Dr Samuel Armacanqui. The main purpose of
the meeting was to discuss WOGI building a micro refinery with the capabilities to produce 5,000 barrels a day
and scale production up to 25,000 barrels. The Bahamas has the 4th largest fuel storage capacity in the world
and only about 65% is currently being used. Having a refinery located in the Bahamas will be a strategic
location for the new Nicaraguan canal being built and for the Cruise ship industry and the Bahama Port
Authority has agreed to purchase 30% of the fuel being refined. WOGI has the support of the Port Authority to
move forward with the project and the Port will assist WOGI in any way it can to help bring jobs to the Island.
WOGI has already located a 5,000 barrel refinery turnkey out of the box including installation, once the refinery
is up and running the labor will shift to 75% Bahamians and 25% non Bahamians. To build the refinery WOGI
is currently working a with a JV partner who will put up the funds to purchase the refinery and its initial start up
costs./quote]
Most people are teachable, but you just can't fix stupid
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