Panama Begins Purchase of Remaining 41% Stake in Petroterminal de Panama

Panama · Economy Key Facts —The Asset. Petroterminal de Panama operates the 131-kilometre Trans-Panama oil pipeline and marine terminals linking the Caribbean and Pacific coasts. —The Stake. The government already holds 59% of the company and is exercising a contractual option from 1977 to buy the remaining 41% from U.S.-based NIC Holding Corp. —The Mechanism.…