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Panama’s free zone for oil to begin operations by the end of this year

Friday, August 13, 2010

By the end of the year, Panama’s Colón free oil zone will begin operations. The zone is to be located in the port of Manzanillo under a permission from the Ministry of Trade and Industry.
The four tanks, with its pumps and fittings, has been constructed by Colon Oil and Services (Coassa) for a $14 million investment. The operator is understood to be a European company.
A government source said that Oiltanking, a German company, is likely to be given the contract.
Original source (in Spanish): La Prensa