Puma Energy Invests in Panama

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.

Monday, February 23, 2015

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.

The Director of Operations at Pumas Energy Americas, Rodrigo Zabala, told Capital.com.pa that "... We have expansion plans and we would like to have infrastructure, which at the moment we do not have in Panama and we are always looking to have our own terminals. The storage terminal building we are planning to build would have half the capacity of the plant we just built in Puerto Rico, where the company has its regional headquarters. "

Enrico Ferrari, CEO of Puma Energy Panama, added "... For the company this country is an excellent place to invest, for this reason several opportunities are being evaluated, all related to growing the business or solidifying our position logistically. " Today, Puma is one of the two importers of refined products for the local market, the other is Chevron Texaco. "

Are you interested in construction projects in Central America?

Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization.

Request more information:









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

El Salvador: More Texaco Investments

September 2016

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.

The project to expand the storage terminal operating in Acajutla consists in increasing capacity "...

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.

Texaco will Keep Assets in El Salvador

November 2010

The multinational claims to have a long-term plan for investments in the country.

Carlos Reyes, general manager of Texaco in El Salvador, told La Prensa Gráfica, "It is true that we are going to leave the service station business, our strategy is to make the sale of fuel a profitable business for both Texaco and for Salvadoran entrepreneurs working with us.”

Texaco Expands in Guatemala

April 2010

The company’s plans include investing $2 million in building 4 new gas stations.

Mario Castellanos, general manager of Chevron Guatemala, Inc., that runs Texaco in the country, explained these investments will be executed by third parties. Currently there are 86 Texaco gas stations in Guatemala.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jun 11)
Brent Crude Oil
72.020
Coffee "C"
160.1
Gold
1,878
Silver
28.050