Panama: Free Trade Zone for Fuel by Year End
The free trade zone in Colón, located by the port of Manzanillo, will be operated by the European company Oiltanking.
Thursday, August 12, 2010
"The Panamanian company Colon Oil and Services, S.A. (Coassa) installed four tanks, pipelines and pumping infrastructure on the site with an investment worth $14 million. The site will be managed by a European company with which negotiations are underway," reports Prensa.com.
The fuel storage facility of Acajutla, El Salvador, will begin operations in April.
The oil company will install a fuel loading platform and improve the existing three in Las Minas Bay in Colón.
The finalization of surface works will mean the Acajutla fuel storage depot will be operational at the beginning of 2011.
The company received the authorization to expand the jet fuel plant in Comalapa and plans to invest $20 million between 2015 and 2016 to improve the capacity of the plant in Acajutla.
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