Panama: Growing Business of Bunker FuelThe 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.Monday, August 31, 2015
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. In previous years, vessels transiting the Canal were buying fuel in Colombia and other Caribbean countries. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Fuel Storage in PanamaMarch 2016 Total fuel storage capacity in the country is 29.8 million barrels, with Petroterminal de Panama´s tank representing 50% of the figure. Panama: $120 Million for Fuels Free ZoneMarch 2016 Construction has been announced of 9 additional storage tanks and a pier with two berths to supply 2.5 million barrels.
Concession for Free Zone for Fuel ExtendedJune 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. Panama: $52 million for New Fuel-Free ZoneApril 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.
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