Fuel Storage in Panama

Total fuel storage capacity in the country is 29.8 million barrels, with Petroterminal de Panama´s tank representing 50% of the figure.

Tuesday, March 29, 2016

Panama has a storage capacity of 29.8 million barrels of oil, according to the latest report from the country's National Energy Secretariat.

The Fuel Free Zone (ZLC by its initials in Spanish) Petroterminal de Panama occupies almost half of the total capacity, through its two tank estates: Charco Azul in Chiriqui, which has a capacity of 7.5 million barrels, and Chiriqui Grande in Bocas del Toro, with a capacity of 7 million barrels. Both store oil and oil derivatives.

See also: "Panama: $120 Million for Fuels Free Zone"

Within ten ZLC contracts in force in the country, also noteworthy is Refinería Panama, with the Bahia Las Minas estate in Colon, which has a storage capacity of 3.3 million barrels of oil, and the Maritime Authority of Panama, with 1.5 million barrels in Cristobal, in Colon, and 1.7 million in Balboa, Panama. Added to the list is Decal Panama, with its Isla Taboguilla estate, Panama, with 2.4 million barrels of marine fuel, and Melones Oil Terminal, with the Isla estate, Panama, with 2 million barrels of oil.

See: "Complete Table of Fuel Free Zones in Panama - October 2015" (In Spanish)

More on this topic

Panama: Growing Business of Bunker Fuel

August 2015

The rise in prices and fuel supply problems in markets like Colombia explain the 10% increase in sales of bunker fuel in the first half of the year.

After experiencing a slight decrease in the rate of business growth, companies engaged in the storage and sale of marine or bunker fuel say they feel there is an improvement in the activity.

Panama: $52 million for New Fuel-Free Zone

April 2014

Telfer Tanks has been granted a concession for the operation and management of a storage terminal and pumping stations in the province of Colon.

From a statement issued by the presidency of Colombia:

"The Cabinet Council authorized the Minister of the Presidency to conclude the Contract for Administration and Operation of a fuel free zone with the company TELFER TANKS, INC., whose investment exceeds 52 million dollars.

Panama to Build Free Zone for Fuels on Isla de Melones

February 2012

The company Melons Oil Terminal Inc will operate and manage a Fuel Free Zone capable of storing 2 million barrels of oil.

A press release from the Presidency of Panama reads:

The Cabinet Council has authorized the Minister of the Presidency on behalf of the State to finalise a contract with the company Melons Oil Terminal Inc., for the operation and administration of a Fuel Free Zone capable of storing 2 million barrels of oil .

Panama: Free Trade Zone for Fuel by Year End

August 2010

The free trade zone in Colón, located by the port of Manzanillo, will be operated by the European company Oiltanking.

"The Panamanian company Colon Oil and Services, S.A. (Coassa) installed four tanks, pipelines and pumping infrastructure on the site with an investment worth $14 million. The site will be managed by a European company with which negotiations are underway," reports Prensa.com.

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Tuthill Transfer Systems

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (52) 55-5370-0602

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