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Wednesday, March 22, 2017 1:17:38 PM
Royal Dutch Shell (RDS.A, RDS.B) 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, Reuters reports.
The facility is owned by Petroterminal de Panama and includes up to 14M barrels of storage capacity on the Atlantic and Pacific shores.
The contract still needs final approval by Panama's finance ministry.
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