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Import News
07-05-2025
In 2024, Panama fuel buyers played a pivotal role in maintaining the country's energy supply, with a small number of major importers dominating the landscape. The country continues to rely heavily on imported fuel for transportation, industrial activities, and electricity generation. This article highlights the top Panama fuel buyers and their respective contributions to the national import market.
Leading Panama Fuel Buyers
1. PETROLEOS DELTA S.A.
As the leading entity among Panama fuel buyers, PETROLEOS DELTA S.A. accounted for a massive 81.16% of the market share, with fuel imports totaling $683.48 million in 2024. The company has a broad footprint across the country and is instrumental in retail fuel distribution and industrial supply.
2. REFINERIA PANAMA S.A.
This company ranks second among top Panama fuel buyers, with $72.41 million in imports, representing 8.6% of the national total. It contributes significantly to the domestic refining capacity and local fuel processing.
3. PAN AM GENERATING LIMITED S.A.
With $48.4 million in imports (5.75%), this company is a significant player in electricity generation, sourcing fuel to power energy plants and support industrial operations.
4. PEDREGAL POWER COMPANY S. DE R.L.
Another key name in the list of Panama fuel buyers, PEDREGAL imported $13.85 million in fuel (1.64%). It focuses on thermal power generation to meet regional electricity demands.
5. PUMA ENERGY BAHAMAS S.A.
Contributing 1.44% to the national import total with $12.13 million, this international energy supplier is a consistent participant in Panama's fuel trade ecosystem.
6. THE CHEVRON OF PANAMA S.A.
While smaller in volume, Chevron remains notable among Panama fuel buyers with $1.71 million in fuel imports (0.2%), leveraging its global supply chains and brand influence.
7–10. Other Emerging Panama Fuel Buyers
These companies, although smaller, are notable for their specialized roles in fuel imports and distribution:
·EXPERT DIESEL S.A. – $0.97 million (0.12%)
·NAT PARTS S.A. – $0.79 million (0.12%)
·FILTROS CAROSSI S.A. – $0.63 million (0.09%)
·TROPIGAS DE CHIRIQUÍ S.A. – $0.47 million (0.07%)
Conclusion
The 2024 fuel import sector in Panama reflects a highly concentrated market, with Panama fuel buyers like PETROLEOS DELTA S.A. leading the field by a significant margin. While several smaller firms contribute, the top five companies collectively control nearly all fuel imports. As energy demands and environmental concerns evolve, the profile and strategies of Panama fuel buyers may shift, with potential for diversification and innovation in sourcing.
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