PANAMA CITY/SAN ANTONIO, March 22 Oil company
Royal Dutch Shell has signed a three-year contract to
lease storage tanks at a large terminal in Panama that had been
used by U.S. refining company Tesoro Corp, sources
involved in the deal told Reuters.
The facility, designed for storage and transshipment of
crude oil to tankers, is owned by Petroterminal de Panama (PTP)
and includes up to 14 million barrels of storage capacity on the
Atlantic and the Pacific shores.
"We have signed a contract with Shell for a three-year
period involving all the available space we have," said an
official from the Panamanian government.
The contract still needs final approval by the country's
(Reporting by Elida Moreno and Marianna Parraga; Editing by