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Topic: Sol Petroleum
Sol Petroleum has been fined $200,000 for safety failures that led to a potentially catastrophic fuel tank fire in July last year.
A one-week average hike of about 10 cents per gallon for unleaded gasoline was reported in the first week of April by Cayman’s utilities and commodities regulator.
Sol Petroleum says it will work with fuels regulators to maintain a safe environment at the Jackson Point terminal, following an investigation report highlighting its culpability in a potentially catastrophic fire.
A potentially catastrophic fire at Grand Cayman’s fuel terminal last July was caused by welding work on an in-service diesel tank that was not properly monitored and should not have taken place, according to an investigation report from the fuels inspectorate.
Sol Petroleum has made a proposal for an early warning siren system to better alert its neighbors in emergency scenarios after complaints about the handling of a mass evacuation following a fire at the South Church Street fuel depot.
Sol’s post-fire actions remind us that even the largest and most “multinational” firms rely ultimately on local workforces in local markets.
Sol Petroleum has confirmed that it will pay compensation to business owners and residents who were forced to pay for hotel stays after being evacuated in the wake of a fire at the Jackson Point fuel depot.
An initial investigation into the cause of a fire in a diesel tank at the Jackson Point fuel depot proved inconclusive, according to a press statement from Sol Petroleum. The fire caused the evacuation of homes and businesses within a mile radius of the facility on Sunday.