Start-up of Decal Panama expansion

PRESS RELEASE

Decal, whose core business is the management of coastal terminals for oil and chemical products and gas for third parties, is completing the expansion of its Taboguilla Island Terminal, located in the Pacific side of the Panama Canal. With an investment of $65 million, it will almost double the storage capacity to a total of 2.24 million barrels.

This new expansion will receive a first cargo with 60,000 bbls of LSFO on the first days of November, marking the beginning of operations in the new facilities, which will allow handling heavier products, improve the pump loading rates and increase the barges loading capacity from the present 2 to a maximum of 4 at a time.

Soresina, 18/10/2012

Press Office
Decal S.p.a.
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DECAL SPECIALIZES IN BUNKERING SERVICES.

DECAL OFFERS STORAGE AND HANDLING SERVICES FOR OIL AND PETROCHEMICAL PRODUCTS.