In Guatemala, Chevron S.A. plans to invest in the expansion of the capacity of its hydrocarbon storage plant, which is located in the municipality of Puerto Barrios, Izabal.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Trade Intelligence area, Chevron Guatemala S.A., submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the project called "Expansion of fuel terminal storage capacity of Puerto Barrios."
Chevron's $7 million investment in the Acajutla terminal in El Salvador increased its fuel storage capacity from 300,000 to 450,000 barrels.
As announced in 2016, the investment in the plant expansion consisted of the construction of two tanks, each with a storage capacity of 75,000 barrels.
The Honduran government approved the adjustment to the price of freight for the transport of fuel to the interior, which was set at $2.42 per kilometer, which corresponds to the cost per round trip.
The new tariff was made official by means of the Sen-026-2019 Agreement, which was issued by the authorities of the Secretariat of Energy and published last October 24.
The company AES Panama launched its liquefied natural gas storage system in the province of Colon, from where it plans to supply the entire Central American region.
This liquefied natural gas (LNG) distribution system will supply the 381 MW thermal plant located on site, also owned by AES, which began operating in August 2018.
The construction of an oil pipeline and a maritime terminal in the Pacific for the transfer and storage of fuels, are some of the projects planned to develop the state-owned Recope in the next eight years in Costa Rica.
The construction of a new plant for storage and sale of clean products in Liberia, and the polyduct connecting this plant with Barranca, is one of the large-scale projects that the Costa Rican Petroleum Refinery (Recope) plans to develop in the coming years.
The court's pronouncement that declared legal the strike of the state fuel refiner and distributor in Costa Rica "has not been competent and introduces us into a very dangerous legal insecurity for national investment and the attraction of foreign investment."
From the statement of the Chamber of Industries of Costa Rica:
Fuels are critical and Costa Rica must be defended as well
This week the company CLH Aviación started providing fuel supply services at Tocumen air terminal in Panama.
After having won the tender to supply fuel and lubricants at Tocumen International Airport and regional terminals in 2017 for a period of 120 months, the company CLH Aviación stated that it has successfully started providing operations and maintenance servicesand supplying fuel at the air terminal.
In the Panamanian airport, 600 thousand gallons of jet fuel are consumed every day, and it is estimated that in the following months demand will increase by 50 thousand gallons.
The current capacity of the infrastructure only allows for storage of 1.4 million gallons of jet fuel, which is only enough to cover demand corresponding to two days of operations at the airport.
The Panamanian Supreme Court of Justice has revoked the resolution that had approved the environmental impact study to build an oil pipeline that would supply fuel to Tocumen airport.
The ruling by the Supreme Court of Justice comes just a few days after the same institution received aninjunction against a project to build a port terminal on Isla Margarita, Colón, with an estimated investment of $600 million. Also annulled by the Court, in mid-January, was an EIA to set up a150 MW wind farm, which was to be built in the Fortuna forest reserve.
In the first nine months of the year, 2.8 million barrels of marine fuel were sold, 38% more than was sold in the same period in 2016.
According to figures from the Panama Maritime Authority (AMP), the sale of marine fuel during the first three quarters of 2017 increased by 38% in year-on-year terms, rising from 2 million barrels between January and September 2016 to 2.8 million barrels in the same period in 2017.
In the first half of the year 2.4 million metric tons of marine fuel were shipped into the country's port terminals, 24% more than in the same period in 2016.
The start of operations of the expanded Canal is the main reason behind the increase of almost 24% in the sale of marine fuel to boats in Panamanian ports, according to representatives from the sector. Figures from the Panama Maritime Authority report that between January and June, 2.4 million metric tons of marine fuel were traded, 461 thousand tons more than in the first half of last year.
Consorcio Menzies Aviation, CLH Aviación S.A., Consorcio Allied Aviatión, and Consorcio Latam and Aviation Logistics submitted bids in the tender to supply aviation fuel at Tocumen International Airport.
From a statement issued by Tocumen International Airport:
Panama, July 31, 2017. Tocumen International Airport held on Monday an act to receive technical and economic proposals from companies interested in supplying lubricant and jet fuel.
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).
Price of gallon of regular gasoline: Costa Rica $3.94, Nicaragua $3.47, Honduras $3.43, Guatemala $2.89, El Salvador $2.86 y Panama $2.70.
From a statement issued by the Ministry of Economy of El Salvador:
The volatility of international prices of products (gasoline and diesel) in the oil market persists, being the main factor affecting reference prices for fuels.It is worth noting that as final consumers we should be aware that the instability of oil prices andtheir fluctuations are permanent factors, making assertions and predictions about future prices unpredictable, however in the current fortnight trends in international prices have been caused by the following events:
In a joint venture with Global SLI, the company specializing in VTTI energy storage acquired a 75% stake in the Petroamérica terminal on the Pacific coast.
From a press release issued by VTTI:
VTTI B.V. (“VTTI”), the global independent provider of energy storage, today announces an acquisition of a 230,000 m³ facility in Panama, resulting in a joint venture between VTTI and Global SLI.