For R$ 558.2 Million, Brazilian Oil Giant Petrobras Acquired Porto de Santos Area in Auction Held by the Ministry of Infrastructure and the National Agency for Waterway Transportation (Antaq)

Written by Flavia Marinho

Published on 20/11/2021 at 10:38

Petrobras arremata leilão do Porto de Santos

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Lease Auctioned by Petrobras Has a Term of 25 Years, with Possibility of Extension. The STS08A Auction – Port of Santos, Holds the Title of the Largest Port Leasing Auction in the Last 20 Years

Petrobras informed in a material fact that it auctioned yesterday (11/19), the port area named STS08A, at the Port of Santos, for R$ 558.2 million, in an auction held by the Ministry of Infrastructure and the National Agency of Waterway Transportation (Antaq). Currently, Transpetro, a company of the Petrobras group, already operates the area.

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According to the oil company, the lease of the auctioned area of the Port of Santos has a term of 25 years, with a possibility of extension.

The area of the Port of Santos is designated for the movement, storage, and distribution of liquid bulk (fuels). The criterion for the auction was the highest grant amount, without a minimum bid.

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The STS08A Auction – Port of Santos, Holds the Title of the Largest Port Leasing Auction in the Last 20 Years

The STS08A terminal – Port of Santos, has a planned investment of R$ 678.3 million over the contract period.

The initial plan for the auction of the Port of Santos was larger. The government received no bids for a second liquid terminal area (STS 08) that was also under the current administration of Petrobras’ subsidiary.

Even with this shortfall, the auction of STS08A holds the title of the largest port leasing auction in the last 20 years.

There are almost R$ 700 million of investments in an area of 297.3 thousand square meters, with a pipeline connection to the Presidente Bernardes refinery and the Cubatão terminal, through which it connects to the existing refineries in the state of São Paulo.

Petrobras’ Gross Debt of Over 160 Billion Dollars Falls to 59.6 Billion, Reaching the Set Goal More Than a Year in Advance!

The debt that seemed unpayable for Petrobras: in 2014, expenses reached approximately US$ 1.7 billion per quarter; the significant reduction is a demonstration of the financial rebalancing process achieved by the Brazilian oil giant.

Petrobras informed the market in a relevant fact on Tuesday (11/16) that it is significantly reducing the amount of interest and charges on its financial debt. The expenses with these financing fell to US$ 669 million in the 3rd quarter of 2021, a figure about 31.1% lower than the US$ 971 million spent in the 3rd quarter of 2020. When comparing the first nine months of 2021 with the same period last year, the reduction was also significant: a decrease from approximately US$ 2.8 billion to around US$ 2.3 billion, a reduction of 17.9%.

For many, this debt seemed unpayable. However, Petrobras set the goal of reducing its total gross debt (financing and leases) to US$ 60 billion, an amount considered healthy for a company like Petrobras, by the end of 2022. Recently, in the results for the 3rd quarter of 2021, Petrobras reported that it reduced its gross debt to US$ 59.6 billion, thus achieving the set goal more than a year in advance. Read the full article here.

For R$ 558.2 Million, Brazilian Oil Giant Petrobras Acquired Porto de Santos Area in Auction Held by the Ministry of Infrastructure and the National Agency for Waterway Transportation (Antaq)

Lease Auctioned by Petrobras Has a Term of 25 Years, with Possibility of Extension. The STS08A Auction – Port of Santos, Holds the Title of the Largest Port Leasing Auction in the Last 20 Years

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The STS08A Auction – Port of Santos, Holds the Title of the Largest Port Leasing Auction in the Last 20 Years

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For R$ 558.2 Million, Brazilian Oil Giant Petrobras Acquired Porto de Santos Area in Auction Held by the Ministry of Infrastructure and the National Agency for Waterway Transportation (Antaq)

Lease Auctioned by Petrobras Has a Term of 25 Years, with Possibility of Extension. The STS08A Auction – Port of Santos, Holds the Title of the Largest Port Leasing Auction in the Last 20 Years

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The STS08A Auction – Port of Santos, Holds the Title of the Largest Port Leasing Auction in the Last 20 Years

Petrobras’ Gross Debt of Over 160 Billion Dollars Falls to 59.6 Billion, Reaching the Set Goal More Than a Year in Advance!

Around 500,000 abandoned coal mines could be turned into giant batteries using only sand and gravity, studies indicate a potential of up to 70 TWh of storage, with China, India, and the USA concentrating enough capacity to power entire cities without needing to build anything new.

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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No one imagined it, but a mixture of sawdust with a mineral that fights fires surprises scientists with a result that changes the course of fire-resistant construction.

Around 500,000 abandoned coal mines could be turned into giant batteries using only sand and gravity, studies indicate a potential of up to 70 TWh of storage, with China, India, and the USA concentrating enough capacity to power entire cities without needing to build anything new.

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While the world bets on lithium, Norway invests over R$ 1.3 billion in a “water battery” that pumps energy 360 meters up the mountain, stores up to 107 GWh, and ensures stable electricity for the aluminum industry during the winter.

Espírito Santo will receive the largest engineering project in its history with the duplication of BR 262, which will have 50 viaducts, 28 bridges, and 2-kilometer tunnels cutting through the most challenging mountainous region of the entire state.