Panama Buys Out Petroterminal de Panama for US$191.7 Million
Panama's government approved a US$191.7 million buyout of the remaining 41% of Petroterminal de Panama. The state gains full control of the trans-isthmian pipeline and terminals, financed by the company's own cash flow. The post Panama Buys Out Petroterminal de Panama for US$191.7 Million appeared first on The Rio Times .
Panama completed a US$191.7 million purchase of the remaining 41% stake in Petroterminal de Panama on August 21, 2026. The state now owns the company outright, bringing its ownership from 59% to 100%. The 41% stake was previously held by a private US partner, though no legal name was disclosed. The acquisition gives Panama control over the trans-isthmian oil pipeline and terminals on both coasts, which handle storage, transshipment, and transport of hydrocarbons between the Atlantic and Pacific oceans.
This move allows Panama to manage the operations without a foreign partner and use Petroterminal’s own income to finance the purchase, thus avoiding public debt.
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