It is being inaccurately reported in the media that FOCOL Holdings, through its subsidiary company, Sun Oil Limited, supplies the Bahamas Electricity Corporation (BEC) with Heavy Fuel Oil (HFO) and Diesel fuel for power generation. The management team of FOCOL states that no such fuel supply relationship exists between FOCOL or any of its subsidiary companies and BEC.FOCOL Holdings Limited is the Shell Brand Licensee for the Bahamas & Turks & Caicos Islands. This branding relationship between FOCOL and Shell Brands International is separate and apart from any direct fuel supply relationships that Shell Western Supply and Trading Limited (a separate entity based in Barbados) may have with other entities in The Bahamas.

Sun Oil Limited has the most expansive local distribution infrastructure of any oil company currently operating in the Bahamas. With its own fleet of coastal tankers and network of bulk fuel storage terminals located in Abaco, Exuma, Eleuthera, and San Salvador, Sun Oil is uniquely positioned to provide logistical support services to BEC for distribution of its fuel from Clifton Pier to their family island power plants. This is the extent of the fuel relationship between FOCOL and BEC.

FOCOL does not subscribe to public discussions of its commercial arrangements with customers, however matters of national importance demands clarity to facilitate accurate and productive discussions. FOCOL HOLDINGS LIMITED is a publicly traded company with over 800 Bahamian shareholders and 350 employees throughout the Bahamas and Turks & Caicos Islands.