Maritime Transport Costs on the RiseTuesday, September 10, 2019 From 2020 onwards, the fuel used by ships worldwide should not exceed 0.5% sulphur concentration, forcing transporters to consume higher priced fuels, which could become even more expensive because of increased demand. From January 1, 2020, the concentration of sulphur in the fuel consumed by maritime transport vessels must not exceed 0.5%, a limit that until now was at 3.5%. Guatemala Oil Imports Up 53.9%Thursday, June 17, 2010 The country spent $968 million in oil between January and May 2010, 54% more than in the same period of 2009. According to Central Bank data, the figure was not as bad as in 2008, when Guatemala spent $1.1 billion in the same five months. Tocumen's Jet Fuel Consumption Increases 39%Wednesday, August 4, 2010 The Panamanian airport's current average daily consumption is around 250,000 gallons, 70,000 more than at the beginning of 2009. 23 July was a daily record with 362,000 gallons consumed, 42.8% of the total three-day reserve held by the company Allied Aviation. More Air Fuel for TocumenFriday, March 2, 2018 In the Panamanian airport, 600 thousand gallons of jet fuel are consumed every day, and it is estimated that in the following months demand will increase by 50 thousand gallons. The current capacity of the infrastructure only allows for storage of 1.4 million gallons of jet fuel, which is only enough to cover demand corresponding to two days of operations at the airport. More Investment From Puma Energy in El SalvadorWednesday, January 21, 2015 The company received the authorization to expand the jet fuel plant in Comalapa and plans to invest $20 million between 2015 and 2016 to improve the capacity of the plant in Acajutla. Expansion of the terminal near the Comalapa airport will cost approximately $1 million and will allow for storage of up to 16,000 barrels of jet fuel to meet demand from the airlines with which it holds contracts. Tax for Airlines Proposed in PanamaThursday, July 11, 2013 A draft law proposes amending the Tax Code to set a tax of 10 cents per gallon on the fuel used by aircraft. The project was presented to Congress by the Minister in charge of Economy and Finance, Omar Castillo, who justified the proposal by noting that since the establishment of the excise tax on fuel products, jet fuel has remained exempt from any tax. Central American Fuel MarketFriday, October 18, 2013 A recently released analysis of the fuel sector's regional distribution chain provides a comparison of the prices of gasoline, diesel, and LPG from 2002-2013. By Mr. Raphael Vilagut-Vega: Costa Rica: $28 Million in Fuel PlantFriday, April 26, 2013 The state fuel company Recope is working on two investment projects to supply aviation fuel to Daniel Oduber International Airport in Liberia. The first project already being worked on by the Costa Rican Oil Refinery (Recope) is a new plant in the area, whose works are advanced by 26% so far. It also presented a blueprint for the construction of two tanks on the Barranca plant in Puntarenas to support storage. The Bunker Fuel Business in PanamaMonday, May 20, 2013 Although the market is not growing significantly, there is still investment being made in new terminals for the storage and supply of the fuel. "Recently the fuel terminal Melones, located in the Pacific and rated by experts as "state of the art" went into operation. The investment in this project has been estimated at between $60 million and $90 million. |
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