Panama: $120 Million for Fuels Free Zone


News from Panama / Sunday, March 20th, 2016

bahia pinas

Construction has been announced of 9 additional storage tanks and a pier with two berths to supply 2.5 million barrels.

From a statement issued by the National Secretariat of Energy in Panama:

The sale of marine fuel or bunkering, an activity that generates about $900 million a year to the country’s economy, will grow with the expanding operations of the Free Zone for Fuels, located in Bahía Las Minas, Colon Province.

This expansion will create at least 250 jobs (direct and indirect) during the construction period, which is estimated at 2 years, and 50 jobs (direct and indirect) for the period of operation of the terminal.

Read: “Panama: Growing Business of Bunker Fuel