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Panama to double storage petroleum capacity with investment of $300 million

Wednesday, April 13, 2011

Panama is to double its capacity to store petroleum products, an increase of 10 million barrels.

The investment will amount to $300 million, without including the cost of new docking facilities.

Studies show that of four ships pass through the Panama Canal, only one take on fuel from Panama. Investors aim to change that proportion radically.



Original source (in Spanish): La Prensa