The creation of a public-access liquids terminal for the import and export of petroleum, vegetable oils and chemicals is helping to enhance Colombia’s oil, gas and vegetable oils market
Colombia holds a lot of promise and potential within the oil and gas industry – particularly so for the storage sector with the growing need for international standards midstream infrastructure.
For executives at Zenith Energy, the need for such midstream assets in the country coupled with the business friendly environment and interesting market dynamics proved to be the perfect mixture for the development of a public-access liquids terminal.
Strategically positioned on the Magdalena River in Barranquilla, Palermo Tanks Terminals was born from a joint venture between Coremar Group and Zenith Energy. The 58,000 m3 facility provides petroleum terminal services across two tanks. The initial phase was complete and went on stream in April 2016.
Plans are in place to swell capacity to more than 300,00...