$100 Million Expansion of Trans-Panama Pipeline

Petroterminal de Panama awarded a contract in excess of $100 million to CB&I, to engineer, procure and construct the Phase 2 expansion of the Trans-Panama Pipeline facilities.

Thursday, October 1, 2009

The work scope includes the design and construction of 5.4 million barrels of crude oil storage and the associated civil, mechanical and electrical work at PTP's terminal facilities in Chiriqui Grande on Panama's Atlantic coast, and Puerto Armuelles on the Pacific coast. CB&I, which built the original PTP storage tanks in the late 1970s, was awarded the EPC contract for Phase 1 of the expansion project in May 2008.

Chicago Bridge & Iron Company, known commonly as CB&I, is a large multinational conglomerate engineering, procurement and construction (EPC) company. CB&I specializes in projects for oil and gas companies.

More on this topic

Refiner Tesoro in pact to use Panama oil pipeline

December 2008

Crude oil refiner Tesoro Corp announced an agreement with Petroterminal de Panama, allowing it to transport crude oil from the Atlantic region through Panama to its Pacific refineries.

PTP has announced a project that will reverse the flow of its 81-mile trans-Panamanian pipeline.

British Petroleum negotiates using Panamanian pipeline

November 2008

British Petroleum is negotiating with Petroterminales of Panama to move crude oil from the Caribbean coast in Bocas del Toro to the Pacific area of Chiriqui using the pipeline.

Mauricio Ruiz of British Petroleum (BP) said yesterday that the project is very important for the company because they have had to make adjustments as the world supply and demand dynamic changes, since the oil for the refineries on the US east coast no longer come from Alaska but from Western Africa.

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