From Stabroek News

(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.

For more on this story go to:

http://www.stabroeknews.com/2013/news/regional/07/03/simpson-oil-to-acquire-exxonmobil-in-caribbean/

Related story:

Mega agro deal

From Nation News Barbados

Barbados’ most successful entrepreneur, Sir Kyffin Simpson, has made a multimillion-dollar investment in what is being called a mega farm in Guyana. This move is seen as strategic as it diversifies his vehicle and petroleum businesses with high demand agricultural cash crops.

The farm, located in Santa Fe in the Upper Takutu-Upper Essequibo region some 231 miles (or 371 km) south-west of Georgetown, will be producing rice, corn, soya, cow beans, guar and eventually moso bamboo trees primarily for export. Already 10 000 acres are being prepared for cultivation and this will be extended by another 30 000 acres as production is steadily increased. Sir Kyffin has the option of tripling this acreage if the venture proves successful.

With the project in its infancy all the necessary infrastructure, such as irrigation, drainage canals and a pump system, is being put in place. Recently a state-of-the-art rice mill with huge silos to store the paddy harvested has been commissioned. And by the end of June the first rice crop comprising 120 acres will be reaped.

Sources indicate that Sir Kyffin who has always had an interest in agriculture was very keen to explore the opportunities that such a venture could bring.

For more on this story go to:

http://www.nationnews.com/articles/view/mega-agro-deal/