Ramón Betancourt, CEO of Refpan, owned by Chevron-Texaco, explained they'll increase loading capacity by 30%.

"Construction will start on March 2009, and would be ready on early 2011", reported Pa-digital.com.pa.

Source: pa-digital.com.pa

More on this topic

Panama: Investment in Fuel Terminal

April 2017

The consortium FCC and Felguera IHI won the contract to build an oil storage terminal belonging to the Dutch company Vopak in Bahia Las Minas, province of Colon.

From a statement issued by FCC Construction:

The new terminal will be located next to the existing Chevron terminal of 509,000  mbc (thousand of barrels of crude) in Panama. It will have nine storage tanks for marine oil, fuel oil and clean petroleum products (diesel, gasoline and Jet A) with a total capacity of approximately 360,000 m3. The project also includes new tank, additional marine infrastructure, including the construction of wharves for mooring vessels up to 80,000 DWT (deadweight tons).

Fuel Terminal in Melones, Panama

November 2011

The initial $43 million 12 storage tank project on the island in the Pacific has increased to 16 tanks with an investment of almost $60 million.

The project, which is 60% complete, is being developed by Burkell Holding Inc. and includes a loading pier for shipping fuel.

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).

Works Start in Panamanian Refinery

March 2010

$9 million will be invested in refinery “Refinería Panamá”, to build a new fuel loading area.

Ramón Betancourt, CEO of the refinery, explained they have already invested $1.7 million in equipment design and purchase.

From Panamá América: “According to the schedule, the project must be ready in less than 18 months”.