Kauai Petroleum up for sale

Kauai Petroleum Co. Ltd. owners are apparently looking to get out of the

fuel business.

According to a classified advertisement that appeared in Thursday’s

edition of The Garden Island, officials at Kauai Petroleum are offering

for sale their interests in a “going terminalling, distribution and

retail petroleum business on Kauai with major brand affiliate.”

Company Vice President Jeanette Otsuka Chang referred all questions to

company President Baltazar L. Manibog.

Manibog said he would not comment till the sale closed.

Both Chang and Manibog expressed concerns about alerting their employees

prior to the proposed sale plans.

Kauai Petroleum Co. Ltd. workers are jobbers, or middlemen who purchase

fuel and then deliver that fuel to Union 76 stations and some of the

Shell stations on the island.

According to industry insiders, the company also operates a terminal for

Shell Oil at Nawiliwili.

Company leaders are not using a business broker. Chang said they have

retained an attorney to facilitate proceedings.

No price was announced in the advertisement.

Kauai Petroleum Co. Ltd. leaders reportedly have leasehold arrangements

with the Union 76 stations in Kukui Grove Commercial Village, Kalaheo

and Lihu‘e.

While not commenting on the Kauai Petroleum Co. Ltd. situation in

specific, economist Dr. Leroy Laney said “jobbers,” or middlemen like

leaders of Kauai Petroleum, may be feeling the squeeze of the state’s

gas-cap law on the price of wholesale gasoline.

According to the state Department of Commerce and Consumer Affairs

Business-Registration Division, Kauai Petroleum’s other officers include

Harold Tanaka and Joanne and Patrick Ahana.

  • Andy Gross, business editor, may be reached at 245-3681 (ext.

251) or agross@kauaipubco.com

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