Panama Finalizes Acquisition of Petroterminal de Panama Oil Pipeline
The trans-isthmus pipeline asset handles crude oil shipments from VLCCs exceeding Panama Canal transit dimensions.
Panama has completed the acquisition of the trans-isthmus oil pipeline system, Petroterminal de Panama. The purchase transfers ownership of the strategic energy transportation asset directly to the state.
The pipeline network provides cross-country liquid bulk transport, linking storage and terminal infrastructure across the Panamanian isthmus between the Pacific and Atlantic oceans.
The system is primarily utilized to handle crude oil volumes carried by Very Large Crude Carriers (VLCCs). These tanker vessels are unable to transit the Panama Canal directly due to size and draft limitations imposed by the waterway's locks.
Through the pipeline asset, operators can offload crude on one coast and pump it across the country for reloading onto tankers on the opposite side, circumventing vessel size restrictions on the canal route.
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