Antigua and Barbuda. In April, the government signed an
agreement that meant the state took over as majority owner
of the West Indies Oil Company Ltd. oil company. The company
had been owned by Bermuda-based National Petroleum Ltd.
since 1980. The acquisition was made possible by support
from Venezuela, which took over 25% of the ownership, and a
Chinese investor who bought 24% of the shares.
In May, five of the member states of the Organization of
Eastern Caribbean States (OECS) - Antigua and Barbuda,
Dominica, Grenada, Saint Lucia and Saint Vincent and the
Grenadines - announced that they launched a joint project to
reduce poverty in the OECS countries. The project is funded
by Chile and is supported by the United Nations Development
In June, the EU published a list of a total of 30
countries and territories that are described as tax havens
and used for tax evasion. Of these, 15 are in the Caribbean.
Prime Minister Gaston Browne reacted strongly to the fact
that Antigua and Barbuda were on the list.
COUNTRYAAH, Prime Minister Browne and opposition leader Baldwin
Spencer signed an agreement in August to pave the way for
the country's accession to the Caribbean Court of Justice.
Before it can replace the Judicial Committee of the Privy
Council in London as the country's highest court, the
constitution needs to be changed through a referendum. In
August, one of the Caribbean's most modern airport terminals
was inaugurated in the capital Saint John's on the island of