Energy & Mining International - Winter 2016 - 69

PUMA ENERGY - PUERTO RICO OPERATIONS

WINTER 2016

Puma Energy followed that acquisition with the 2012
purchase of Chevron's business on the island, which
included 192 service stations in Puerto Rico and seven in
St. Thomas in the U.S. Virgin Islands.
Today, the company operates 344 service stations in
Puerto Rico and four terminals on the island, including
the terminal at the Luis Muñoz Marín International
Airport. These terminals give the company the ability
to store as well as blend oils, a capability it has used to
introduce specialized products into the market such as
ethanol fuels.
"We have a very strong position because our terminals have enough storage capacity and flexibility to
adjust to demand cycles," Dominguez says. "We have
a very strong position in the segments we serve." The
company has roughly a third of the retail oil business on
the island.
The Puerto Rico holdings - known as Puma Energy
Caribe - are just a portion of Puma's portfolio worldwide. Formed in 1997, Puma Energy International is an
integrated midstream and downstream oil company with
operations in 48 countries on five continents.
The company's midstream operations include storage
at its terminals and importing and exporting via its marine facilities. Puma Energy's downstream business lines
include supplying gasoline, diesel, bitumen and lubricants to retail and B2B customers.
"Our ability to integrate our operations sets us apart,"
Dominguez says. "We are very agile in the market in
order to manage our customers' needs. We also have a
very attractive and appealing brand, and a great group of
professionals who give us an edge in the market."

E
M
I

EXPANSION PLANS
Puma Energy's Puerto Rico operations continue to
evolve. The company in 2014 launched PUMAGAS, a
division that imports and distributes liquefied petroleum
gas (LPG).
In July 2015, the company purchased British Petroleum's fueling and commercial fuel supply business at
the San Juan International Airport. "We are proud to
have expanded and diversified our business portfolio to
include aviation," Dominguez says. The company serves
more than 53 airports around the world, seven of them in
Latin America.
The company's future plans include expanding its exporting and retail operations beyond St. Thomas to other
Caribbean islands including St Croix, Antigua and St.
Maarten. "Now that we've consolidated our acquisitions,
we want to optimize the assets and investments we've
made," he adds. "We are now in as many lines of business
as are possible on [Puerto Rico], so now it's a matter of
optimizing our operations, becoming more efficient, and
expanding throughout the Caribbean." EMI

Puma Energy wants to expand its exporting and retail.
operations throughout the Caribbean in the future..

emi-magazine.com 69


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Table of Contents for the Digital Edition of Energy & Mining International - Winter 2016

Contents
Energy & Mining International - Winter 2016 - Cover1
Energy & Mining International - Winter 2016 - Cover2
Energy & Mining International - Winter 2016 - 1
Energy & Mining International - Winter 2016 - 2
Energy & Mining International - Winter 2016 - Contents
Energy & Mining International - Winter 2016 - 4
Energy & Mining International - Winter 2016 - 5
Energy & Mining International - Winter 2016 - 6
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Energy & Mining International - Winter 2016 - Cover3
Energy & Mining International - Winter 2016 - Cover4
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