Vopak to build independent storage capacity for oil products in Panama

Tank storage provider Royal Vopak said it plans to build and operate 655,000 cubic meters of independent storage capacity for oil products in Bahia Las Minas, on the Atlantic Coast of Panama.

The new facilities, that include the enhancement of two existing jetties, are planned to be commissioned in the first half of 2013.

Vopak has reached an agreement with Chevron Corporation, which provides a long-term development framework for Vopak to invest in the construction of independent storage capacity in Bahia Las Minas, adjacent to Chevron's site.

Original source: Dow Jones