Petroport is a privately – owned panamanian business, established since the outset of the Hydrocarbons´market deregulation and dates back to 1994 when the Panamanian LPG importation market was first opened to the other competitors.
In 1996 subscribe Operation Management Contract No.81 with the Government for Fuel Free Zone, located in Telfers Island. Opening operations in LPG storage with a capacity of 8 tanks of 120,000 gallons e/o, four (4) landings and land leased to the ARI (National Government).
Today, our LPG terminal has a total storage/racking capacity of 85,714BBLS, 51,428 BBLS (18 tanks of 120,000 gallons e/o) in our primary storage area, and 34,285BBLS in our expansion project, , adding twelve (12) additional tanks. Consisting of six (6) Butane and two (2) HD5 Propane discharge slots, controlled by an automated filling system guaranteeing processing safety. Our maritime operations optimize gas tankers´ LPG service to our customers.
We currently possess access to Pier 16 in Cristobal, Colon, operated by Panama Ports Company (Hutchinson), allowing the receipt/dispatch of all products we handle.
With over 18 years of service, we are now established as the leading company in importation and storage of LPG in the Republic of Panama; handling 60% of the national LPG volume. We possess an investment capacity of over $30,000,000.00, which include property, plant, machinery, equipment and furniture. We’ve generated about 100 permanent jobs and 500 indirect jobs, contributing to the development of the province of Colon and committed to the future of the country.
As part of the growth and expansion, Petroport S.A. has acquired 24 yards of land from the Government, adjacent to existing facilities that can extend the Petroleum Free Zone. On this land, we just have completed Phase II, which included the installation of primary infrastructure and 66% additional storage capacity of LPG. Similarly, we are in the analysis and design phase of a project to develop an energy park in order to increase our storage capacity and handle other hydrocarbon derivatives