The company Monelca, S.A. de CV., which is responsible for the construction of the Alba Petróleos plant in El Salvador, said that it will have a storage capacity of 350,000 barrels of fuel: diesel and gasoline (regular, super, and aviation fuel) as well as about 5,000 barrels of liquefied petrol gas.

Reporter Morena Azucena wrote on Elsalvador.com: “…the President of the Republic, Mauricio Funes, said that they were analyzing whether the operation of importing Venezuelan fuels through Alba Petróleos could be transferred to the government. This analysis has yet to be made public.”

Source: elsalvador.com

More on this topic

Supply Plant to Begin Operations in April

February 2011

The fuel storage facility of Acajutla, El Salvador, will begin operations in April.

Spokesmen for Alba Petróleos de El Salvador, said that completion of the works is scheduled for February, and will last until March. The construction of the pipeline for ship loading and unloading is still pending.

Storage Facility Ready in January 2011.

September 2010

The finalization of surface works will mean the Acajutla fuel storage depot will be operational at the beginning of 2011.

The company Alba Petróleos is responsible for the project. Vice president, Luz Estrella Rodríguez, indicated that the work completed is the land area carried out by the company Montajes Electromecánicos de Centro América (Monelca).

El Salvador: Alba Oils Hoping to Double Market Share

January 2010

The company expects to cover 30% of the country's demand with its new storage facility.

Said facility is being built close to Port Acajutla, and will be capable of storing 350.000 barrels.

Orestez Ortez, company spokesperson, "added that the facility could be operating mid-2010. By using a pipeline (which is being tested), they expect to unload fuel from ships of up to 250.000 barrels", reported Epa.

Texaco-Chevron to Invest $12 Million in Panama

May 2009

The oil company will install a fuel loading platform and improve the existing three in Las Minas Bay in Colón.

The current government has had several exchanges with the transnational, demanding improvement of the company’s operations at the Colón facilities.

Raul Bernal write in Prensa.com: "For its part, the oil company has said on other occasions that changes every 14 days in fuel prices are causing distortions in natural demand when buyers change their orders to take advantage of prices."