GUYOIL is a provider of petroleum products at competitive prices. We are strategically located in all three counties and have a wide distribution network of over 40 dealer owned stations. Employing more than 400 persons, GUYOIL has demonstrated a track record of growth and development over the years.
The Guyana Oil Company Limited was incorporated in June 16, 1976 – “The People’s National Congress Government showing its efforts to control the economy of the Country, yesterday acquired the assets of the West Indian Oil Company (Guyana) Limited and Anchor Trading Company Limited for $575,000. Energy and Natural Resources Minister Hubert Jack, who headed the Government’s negotiating team, left a Cabinet meeting to sign the acquisition agreement and paid the first installment of $75,000 at the 2:00 p.m. ceremony.” Guyana Chronicle, 16th Jun. 1976.
Energy and Natural Resources Minister Hubert Jack hands over a cheque for $75,000 to Mr. William Scally, Managing Director as the first payment for the acquired assets of the West Indian Oil Company (Guyana) Limited and Anchor Trading Company. Earlier the two has signed an agreement for the acquisition by Government. Next to Mr. Scally is Mr. Joey King of Cameron and Shepherd and at right is Guystac Secretary Frank Noel. In the back row are other Officials who were present.
The company is wholly owned by the Government of Guyana through the National Industrial Commercial and Investment Limited (N.I.C.I.L) and governed by a board of Directors.
The Guyana Oil Company (Guyoil) is the leading retailer of high octane gasoline to the motoring public and boast of a retailing network that comprises of forty two (42) dealer owned stations stretching from the Corentyne to the Pakaraima. The Guyana Oil Company had a bulk fuel terminal in each county of Guyana. It owns and operates eight (8) state of the art service stations providing fuels, Castrol lubricants and services at competitive prices.
Guyoil through its subsidiary GUYOIL Aviation Services Inc. is a supplier of aviation jet fuel to international and local airlines at both Timehri and Ogle airports.
The Company’s head office is located at 191 Camp Street, Georgetown and has in its employment over 400 Guyanese. Guyoil has served as a model profitable public company that has consistently contributed billions of dollars to the National purse over the years.
Guyoil contributes in a positive manner to national development by paying its dividend and taxes to the Government which greatly assists in building of new roads, schools and public infrastructure. Guyoil attaches great significance to its corporate duty to the public by making regular and generous donations to charitable causes, sports, education and social activities.
The Guyana Oil Company is ever conscious of the preservation of a green environment and operates under strict national regulations that is maintained by a highly trained work force.
We are honored in serving the Guyanese public over the past forty years.