Panama takes full control of its cross-country oil corridor

Sam Chambers · Splash 247 · 2026-09-03

Panama has completed the acquisition of Petroterminal de Panamá, giving the state full ownership of a strategic oil transport system that functions as a specialised second Panama Canal for hydrocarbons. The government paid $191.7m for the remaining 41% stake in the company, taking ownership to 100%. Petroterminal operates terminals at Chiriquí Grande on the Caribbean …

Source: Splash 247 — read the full report

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