𝟮𝗕𝗔𝗬𝗦 𝗧𝗔𝗞𝗘𝗦 𝗡𝗢𝗧𝗜𝗖𝗘 𝗢𝗙 𝗚𝗟𝗢𝗕𝗔𝗟 𝗢𝗜𝗟'𝗦 𝗗𝗘𝗖𝗜𝗦𝗜𝗢𝗡 𝗧𝗢 𝗧𝗘𝗠𝗣𝗢𝗥𝗜𝗭𝗘 𝗜𝗡𝗩𝗘𝗦𝗧𝗠𝗘𝗡𝗧 𝗔𝗖𝗧𝗜𝗩𝗜𝗧𝗜𝗘𝗦 𝗔𝗧 𝗧𝗛𝗘 𝗔𝗦𝗣𝗛𝗔𝗟𝗧 𝗣𝗟𝗔𝗡𝗧

2BAYS has been informed by Global Oil Management Group (Global) of its decision to reassess its investment planning as a direct consequence of the current geopolitical situation, notably the sanctions imposed by the United States on Venezuela and the resulting significant changes in market conditions.

As part of this evaluation, Global has decided to temporize its activities to reactivate the asphalt production plant. Despite these developments, Global has expressed that it remains committed to honoring its contractual obligations and that it will continue to ensure the reliable supply of utilities.

2BAYS acknowledges the significant challenges arising from the ongoing situation between the USA and Venezuela, as well as the resulting changes in the market. 2BAYS remains actively engaged in assessing the impact and continue working closely with our partners, including Global, to foster and reactivate economic activities at our Emmastad and Bullen Bay locations.