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3 September 2026

Panama takes full control of its cross-country oil corridor

Downunder Voices Newsroom

Source reporting: Splash247

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Panama takes full control of its cross-country oil corridor

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 …

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