Panama: APSA Concession Comes to an End

Atlantic Pacific is no longer the concessionaire for the fuel tanks located at both entrances of the Canal.

Thursday, December 10, 2009

President Ricardo Martinelli stated his intention of conducting a public bidding process to find the new concessionaire.

"Carlota Mattos, chief of the legal department of the Panama Maritime Authority, argued they want to find the option that is most advantageous for the State", reported Prensa.com.



More on this topic

Fuels: Investment in Storage Plant

January 2021

In Guatemala, Chevron S.A. plans to invest in the expansion of the capacity of its hydrocarbon storage plant, which is located in the municipality of Puerto Barrios, Izabal.

According to the interactive platform "Construction in Central America" of CentralAmericaData's Trade Intelligence area, Chevron Guatemala S.A., submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the project called "Expansion of fuel terminal storage capacity of Puerto Barrios."

Panama: Concession for Fuel Storage

June 2014

The government has authorized the granting in concession of 4 acres to Vertikal Corporation for 20 years to operate a terminal to supply fuel to Tocumen airport.

From a report by the Cabinet Council of Panama:

Concession contract agreed between AMP and Vertikal Corporation, Inc.

Panama Canal Will Grant a Concession for Fuel Tanks

May 2010

Authorities will take bids for operating fuel tanks at both entrances of the Canal; they used to be managed by Atlantic Pacific S.A.

Representatives from the Presidency remarked they are working in the bidding rules, but no specific dates are known yet.

“The Panamanian Maritime Authority assumed control of 66 fuel tanks administered by APSA (30 in Cristóbal and 36 in Balboa), after APSA concession period ended”.

Works Start in Panamanian Refinery

March 2010

$9 million will be invested in refinery “Refinería Panamá”, to build a new fuel loading area.

Ramón Betancourt, CEO of the refinery, explained they have already invested $1.7 million in equipment design and purchase.

From Panamá América: “According to the schedule, the project must be ready in less than 18 months”.

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