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المشهد العربي
Benma proceeds with full oil pipeline acquisition
The Panamanian government plans to acquire the entire 41% stake of the American partner in the joint "Petroterminal" project, with the aim of gaining full control over the strategic oil pipeline operated by the project. Ownership of the project will be transferred entirely to the state, as part of a move to strengthen national sovereignty over critical infrastructure, with the transaction financed from the company's own revenues. It is worth noting that the pipeline, which is 131 kilometers long, connects the cities of Chiriquí Grande on the Caribbean side and Puerto Armuelles on the Pacific side. It has been a key element in securing the country's oil supplies since its establishment in 1977.
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