Chevron Makes Investments of $50 Million in Panama

The multinational will improve the standards of its services in the former refinery Bahia Las Minas and the service stations under concession.

Friday, June 26, 2009

The legal representative of the company in Panama, Pedro Sigui, added that the company has already invested $20 million over the last two years, and hopes to invest another $50 million over the next three.

Radiopanama.com.pa publishes: “On the other hand, the oil company announced at a press conference that it had begun the process of converting to the sale of light diesel 2D S500 which is low in sulfur and environmentally friendly.”

More on this topic

Texaco will Keep Assets in El Salvador

November 2010

The multinational claims to have a long-term plan for investments in the country.

Carlos Reyes, general manager of Texaco in El Salvador, told La Prensa Gráfica, "It is true that we are going to leave the service station business, our strategy is to make the sale of fuel a profitable business for both Texaco and for Salvadoran entrepreneurs working with us.”

Puma Energy to Invest in New Gas Stations in Guatemala

September 2010

The investment, worth almost $2 million, will enable the fuel importer to open new stations by the end of 2010.

Puma Energy's General Manager, Juan Ángel Díaz, indicated that their expansion plan seeks to position the company as an alternative to traditional companies, particularly outside urban centers.

Texaco Expands in Guatemala

April 2010

The company’s plans include investing $2 million in building 4 new gas stations.

Mario Castellanos, general manager of Chevron Guatemala, Inc., that runs Texaco in the country, explained these investments will be executed by third parties. Currently there are 86 Texaco gas stations in Guatemala.

Decal to Invest $25 Million in Panama

January 2010

The company, a supplier of bunker fuel for tanker ships, will invest in expanding its facilities during the next 12 years.

The announcement was made by Guillermo Márquez, company representative, after the corporation signed an agreement with the Panamanian State to extend its concession at Isla Tabogilla, in the Pacific coast.

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