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.
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.
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.
The state fuel company Recope is working on two investment projects to supply aviation fuel to Daniel Oduber International Airport in Liberia.
The first project already being worked on by the Costa Rican Oil Refinery (Recope) is a new plant in the area, whose works are advanced by 26% so far. It also presented a blueprint for the construction of two tanks on the Barranca plant in Puntarenas to support storage.
Receive more news about Infrastructure and Construction
Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.