Bahia Las Minas Oil Refinery to begin Operations in February

The fuel terminal, located in Colon, Panama, is 99% completed and could begin operations in February.

Monday, January 10, 2011

The $ 10 million project will increase in 30% the transportation capacity for diesel and gasoline demand.

"Renovations include increasing the storage capacity for petroleum products, storage automation and office modernization... The terminal, in the last 7 years, has supplied about 70% of the national market, through local fuel distribution companies," stated the article at Pa-digital.com.pa.

More on this topic

The Bunker Fuel Business in Panama

May 2013

Although the market is not growing significantly, there is still investment being made in new terminals for the storage and supply of the fuel.

"Recently the fuel terminal Melones, located in the Pacific and rated by experts as "state of the art" went into operation. The investment in this project has been estimated at between $60 million and $90 million.

Nicaragua Hires First Phase of Refinery Works

April 2012

CAMC Engineering, from Mainland China, is the counterpart of a $233 million contract to build the basic storage infrastructure and the pipeline network.

The Chinese group CAMC Engineering Co., Ltd. (CAMCE) signed a memorandum of understanding for a joint venture with Alba de Nicaragua SA (Albanisa) – a Venezuelan oil importing company, to build the first phase of a refinery in Nicaragua, which will be called " El Supremo Sueño de Bolívar” (The Supreme Dream of Bolivar).

Bunker Terminal in Costa Rican Pacific

June 2011

The Costa Rican state electricity and fuel companies have agreed to build a terminal for the supply of bunker fuel.

From a press release by RECOPE :

The Costa Rican Petroleum Refinery (RECOPE SA) and the Instituto Costarricensede Electricidad (ICE), have pledged to work together in developing the Pacific Terminal project, which will allow the country to have another alternative way to import fuel which will strengthen RECOPE’s value chain in infrastructure and reduces the risk of shortages, as well as providing an alternative supply of bunker fuel for consumption centers on the Pacific coast, in particular for electricity generation in the Garabito thermal plant.

Panama: Works Underway at Bahía Las Minas Refinery

April 2010

Works started today to enlarge the fuel terminal at Bahía Las Minas; $10 million will be invested.

Scheduled for completion on December 2010, they will add 30% more diesel and fuel loading capacity to the facility.

They will also increase storage capacity for fuel derivatives and modernize the delivery system, reported Pa-digital.com.pa.

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