Panama Secures Full State Ownership of Trans-Isthmus Oil Conduit
The Panamanian government has finalized a $191.7 million buyout of the remaining minority stake in Petroterminal de Panamá, taking total control of the key energy bypass.
The government of Panama has concluded the purchase of Petroterminal de Panamá, placing the trans-isthmus hydrocarbon transport system entirely under state jurisdiction.
To consolidate full ownership, the state paid $191.7 million to acquire the final 41 percent stake in the operating company. The transaction concludes private equity participation in the infrastructure and elevates public control to 100 percent.
The Petroterminal network serves as a specialised overland energy conduit, functioning effectively as an alternative crossing mechanism for hydrocarbon flows parallel to the Panama Canal.
Among its core infrastructure components, the company manages dedicated terminal facilities situated at Chiriquí Grande along the Caribbean coastline, facilitating liquid bulk handling and transshipment operations between ocean basins.
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