Chevron to double storage capacity at Panama terminal

US oil major Chevron announced that it will double storage capacity at its Las Minas terminal in Panama to 4 million barrels.

Wednesday, May 14, 2008

Las Minas, near the city of Colón, provides bunker fuel, lubricants and other crude derivatives for ships using the Panama Canal and neighboring ports.

More on this topic

Honduras Chevron Invests $12 Million in Storage

April 2013

The plant located in Puerto Cortes, which had been seriously affected by the earthquake of 2009, now has capacity to store 71,000 barrels of fuel.

Among the works developed at the site was the restoration of 26 tanks with a capacity of 711,000 barrels of various petroleum products which are sold in Honduras. In addition, infrastructure was rebuilt in the administrative area, piping systems and fire protection system.

Suez Energy to invest US$650 million in Panama

June 2008

Suez Energy aims to invest US$650 million in various power-generation projects that should come on stream by 2010.

The projects includes the conversion to coal of the Bahía Las Minas thermal plant, and construction of a 25-megawatt hydroelectric scheme at Gualaca, Chiriquí.

Spanish region Murcia opens trade office in Panama

May 2008

Spain's Murcia region opened an office in Panama City in a bid to boost trade and investment.

"Murcia and Panama have a lot in common, not least their open economies," said Ramón Luis Valcárcel, president of the Murcia autonomous community, at the opening ceremony.
Murcia has some 1.5 million inhabitants, Panama 3 million.

Panama: Latin American Base for French Companies

March 2009

French investment in Panama has reached $600 million and is projected to reach $1 billion in 2010.

An article by AFP in reported that the French ambassador to Panama, Pierre Henri Guignard, said: "Panama is a key player in the globalization of Latin America and our companies understand this."

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