El Salvador: More Texaco Investments

So far this year Chevron has invested $8 million in the opening of three stations and plans to start expanding the storage terminal in Acajutla.

Tuesday, September 20, 2016

The project to expand the storage terminal operating in Acajutla consists in increasing capacity "... by about 150 thousand barrels of fuel with the operation of two other tanks which will come online next year." Currently the plant has six tanks for diesel and gasoline, with a storage capacity of 300,000 gallons. 

Elsalvador.com reports that "...The expansion of the network of stations and the terminal will enable the multinational brand to expand its share of the fuel market, which competes with gas stations belonging to Bandera Blanca, Alba Petroleos, DLC, Puma and Uno. According to the Directorate of Hydrocarbons and Mines at the Ministry of Economy, in July 2016, Chevron, through its Texaco brand, had a 34% share, taking into account the sale of all products (diesel, regular gasoline and premium). "

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More on this topic

Fuels: Terminal Expansion Completed

November 2019

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.

Puma Energy Invests in Panama

February 2015

The company aims to increase its market share in the country and plans to invest $80 million in the construction of a fuel storage facility.

The company is preparing to build its own infrastructure in order to increase its business in the Panamanian market. Besides the construction of the plant, Puma Energy is looking to venture into new lines of business, such as selling jet fuel and asphalt manufacturing and lubricants.

More Investment From Puma Energy in El Salvador

January 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.

Panama: Investment in Logistics Fuels

May 2014

Chevron plans to invest $300 million in the expansion of a storage tank system in the refinery of Panama in Bahia Las Minas, Colon.

Continuing its investment plan in Panama, the U.S. oil company is negotiating an agreement with the Dutch company Vopak, the world's largest independent storage tank terminal operator, to convert the refinery in Bahía Las Minas into a hub for the interregional market for petroleum products and bunker fuels.

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