Chevron to double storage capacity at Panama terminalThursday, May 15, 2008 US oil major Chevron announced that it will double storage capacity at its Las Minas terminal in Panama to 4 million barrels. Las Minas, near the city of Colón, provides bunker fuel, lubricants and other crude derivatives for ships using the Panama Canal and neighboring ports. Maritime Transport Costs on the RiseTuesday, September 10, 2019 From 2020 onwards, the fuel used by ships worldwide should not exceed 0.5% sulphur concentration, forcing transporters to consume higher priced fuels, which could become even more expensive because of increased demand. From January 1, 2020, the concentration of sulphur in the fuel consumed by maritime transport vessels must not exceed 0.5%, a limit that until now was at 3.5%. Airplane Fuel: Best Prices in Costa RicaMonday, May 25, 2020 In order to stimulate the return of airlines to the country and reactivate tourism, the government eliminated from the price of jet fuel, the subsidy that financed the cost of LP gas, bunker, asphalt and asphalt emulsion. In this context of health and economic crisis resulting from the outbreak of covid-19, the Alarado administration, signed Executive Decree No. Guatemala Oil Imports Up 53.9%Thursday, June 17, 2010 The country spent $968 million in oil between January and May 2010, 54% more than in the same period of 2009. According to Central Bank data, the figure was not as bad as in 2008, when Guatemala spent $1.1 billion in the same five months. Tocumen's Jet Fuel Consumption Increases 39%Wednesday, August 4, 2010 The Panamanian airport's current average daily consumption is around 250,000 gallons, 70,000 more than at the beginning of 2009. 23 July was a daily record with 362,000 gallons consumed, 42.8% of the total three-day reserve held by the company Allied Aviation. More Air Fuel for TocumenFriday, March 2, 2018 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. More Investment From Puma Energy in El SalvadorWednesday, January 21, 2015 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. Expansion of the terminal near the Comalapa airport will cost approximately $1 million and will allow for storage of up to 16,000 barrels of jet fuel to meet demand from the airlines with which it holds contracts. Biofuels: Strong PotentialThursday, August 14, 2008 Sugarcane ethanol from Latin America needs to be an integral part of the United States’ energy strategy. The new federally-mandated Renewable Fuel Standard (RFS) calls for the United States to raise its annual biofuel production from 6.5 billion gallons per year (bgy) in 2007 to 36 bgy by the year 2022. This is a tremendous undertaking in terms of investment required, construction activity and infrastructure development. Tax for Airlines Proposed in PanamaThursday, July 11, 2013 A draft law proposes amending the Tax Code to set a tax of 10 cents per gallon on the fuel used by aircraft. The project was presented to Congress by the Minister in charge of Economy and Finance, Omar Castillo, who justified the proposal by noting that since the establishment of the excise tax on fuel products, jet fuel has remained exempt from any tax. Maritime Transport: New Rules for Fuel UseWednesday, January 16, 2019 From January 1st, 2020, the concentration of Sulphur in the fuel consumed by maritime transport vessels must not exceed 0.5%, a limit that until now was at 3.5%. The international modifications related to the supply of fuel oil or marine fuel, which were approved by the International Maritime Organization (IMO), will apply to all vessels sailing in the world. Panama: $120 Million for Fuels Free ZoneMonday, March 14, 2016 Construction has been announced of 9 additional storage tanks and a pier with two berths to supply 2.5 million barrels. From a statement issued by the National Secretariat of Energy in Panama: Panama: Growth in Bunkering in 2015Tuesday, February 23, 2016 In 2015 3.7 million metric tons of marine fuel were sold in Panama, 16.2% more than in 2014. According to preliminary figures from the Maritime Authority of Panama, of the 3.7 million metric tons of marine fuel sold in 2015, 3.4 million were Fuel Oil and 252,521 Marine Diesel Oil. The number of ships catered for also increased, going from 4,699 in 2014 to 5,699 in 2015, reflecting an increase of 21.2%. Panama: Sales of Marine Fuel GrowTuesday, August 30, 2011 Investments to increase bunker fuel storage capacity are yielding good results, with sales growing by 18% in the first half of 2011. In the first six month of 2010, a total of 2,233 ships were attended to, transporting 1,446 000 metric tonnes of oil and marine diesel. $430 Million in LNG Terminal and Gas Fired PlantThursday, January 21, 2010 LNG Group Panama will develop a gas-fired generating plant and a terminal to store Liquid Natural Gas (LNG) in Colon. Panama will spend $300 million on a liquid natural gas, or LNG, terminal and $ 130 million on a gas-fired generating plant, the country's ministry of finance said in a statement Wednesday. Nicaragua Hires First Phase of Refinery WorksMonday, April 30, 2012 CAMC Engineering, from Mainland China, is the counterpart of a $233 million contract to build the basic storage infrastructure and the pipeline network. The Chinese group CAMC Engineering Co., Ltd. (CAMCE) signed a memorandum of understanding for a joint venture with Alba de Nicaragua SA (Albanisa) – a Venezuelan oil importing company, to build the first phase of a refinery in Nicaragua, which will be called " El Supremo Sueño de Bolívar” (The Supreme Dream of Bolivar). |
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