The US company which operates internationally also announced that in the next five years it will invest $10 million more in operating the fuel terminal.

S21.com.gt reports that "... the Escuintleca plant is a terminal whose standards of construction, operations and management, make it one of the most competitive in the region, which is in addition to its strategic position and capacity that exceeds half a million barrels of storage distributed in 13 specialized tanks, informed the company. "

"... Carcasa is located in the facilities of Puerto San Jose, Escuintla. "

Source: s21.com.gt

More on this topic

Panama: Investment in Fuel Storage

January 2017

In a joint venture with Global SLI, the company specializing in VTTI energy storage acquired a 75% stake in the Petroamérica terminal on the Pacific coast.

From a press release issued by VTTI:

VTTI B.V. (“VTTI”), the global independent provider of energy storage, today announces an acquisition of a 230,000 m³ facility in Panama, resulting in a joint venture between VTTI and Global SLI.

Construction of Fuel Terminal for $99.6 million

November 2014

The Spanish company DF Duro Felguera in Panama will be building a terminal for oil storage for the company Vopak in Bahia Las Minas, province of Colon.

From a statement issued by DF DURO FELGUERA:

DF has been awarded, through its subsidiary Felguera IHI, a contract for the execution of a fuel supply terminal for ships and oil storage at Bahia Las Minas (Colon Province), on the Atlantic coast of Panama.

Concession for Free Zone for Fuel Extended

June 2014

The executive power has authorized the extension of a contract for the operation and administration of the Free Zone for Fuel in Chiriqui granted to the company Petroterminal of Panama.

From a report issued by the President's Office in Panama:

The Cabinet Council approved a resolution that authorizes the Minister of the Presidency, to grant the extension to Contract No.

Bunker Terminal in Costa Rican Pacific

June 2011

The Costa Rican state electricity and fuel companies have agreed to build a terminal for the supply of bunker fuel.

From a press release by RECOPE :

The Costa Rican Petroleum Refinery (RECOPE SA) and the Instituto Costarricensede Electricidad (ICE), have pledged to work together in developing the Pacific Terminal project, which will allow the country to have another alternative way to import fuel which will strengthen RECOPE’s value chain in infrastructure and reduces the risk of shortages, as well as providing an alternative supply of bunker fuel for consumption centers on the Pacific coast, in particular for electricity generation in the Garabito thermal plant.