Simpson Oil to acquire ExxonMobil in Caribbean

(Barbados Nation) The Simpson empire, led by Barbadian business mogul Sir Kyffin Simpson, is about to take on gigantic proportions.

After out-negotiating Trinidadian oil company National Petroleum, as well as the French oil giant Total, in 2004 to acquire Shell Antilles and Guianas Limited in more than 12 Caribbean countries for $400 million, Sir Kyffin is now on the verge of taking over another international brand in the region.

MIDWEEK NATION investigations revealed that Sir Kyffin, the founder of Simpson Motors, Interamericana Trading Corporation and the man behind Simpson Oil Limited (SOL), has secured an agreement to buy ExxonMobil and its affiliates in Barbados and six other regional territories.

ExxonMobil is the parent company of Esso.

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