Chevron is planning on doubling the capacity of its Las Minas facility in Panama to nearly 4 million barrels. This increase in capacity is to meet the rising demand for fuel in Central America, and for ships passing through the Panama Canal. The Las Minas facility is located near Colon, Panama, and provides fuel, derivatives, and lubricants to vessels stopping at nearby ports. Chevron, a US based petroleum company has already invested $13 million in the Panama facility, and following this short term increase in capacity is expected to continue expanding the facility.
Source:
Chevron To Up Bunker Capacity In Panama (Reuters.com)
