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About Us

The origin of Petroterminal of Panama (PTP) date back to the end of the 70´s,   when large volumes of Alaskan petroleum oil was produced and there was a need to transport the surplus to the east coast of the United States in "Very Large Crude Carrier" (VLCC´s), which could not transit through the Panama Canal.


On September 1977, brothers Harold and Raymond Bernstein proposed the Panamanian Government the construction of oil facilities in the Bay of Charco Azul, near the community of Puerto Armuelles, located on the Pacific coast. This will permit smaller boats to cross the channel. The offer was accepted, being aware that it represented an investment for the country which will generate jobs and wealth during the construction and operation of the facilities.

Corporate profile

About us

Petroterminal of Panama S.A. (PTP), has facilities for the storage and handling of crude oil products and by-products on the Atlantic and Pacific coasts of the Republic of Panama, a 131-kilometer pipeline that runs through the Panamanian Isthmus and a General Cargo Dock on the Atlantic coast.

PTP was born from a joint venture between the Panamanian Government and the private industry. The project was developed and is administered by NIC Holding Corp., independent company dedicated to the storage and handling of crude oil products and by-products with headquarters in Melville, Long Island, New York, United States.