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Vast Infrastructure (formerly Açu Petróleo) Closed a Long-Term Contract with Petrochina for Oil Movement at the Açu Port, Where Vast Has a Terminal That Offers Several Advantages.
Vast Infrastructure (formerly Açu Petróleo) has signed a long-term contract with the Chinese Petrochina International (Hong Kong) Corporation Limited, a subsidiary of PetroChina International Company Limited. The contract finalized last week (3) is aimed at transshipment operations for oil movement at the Vast terminal at the Açu Port, in São João da Barra (RJ). The agreement provides for transshipment involving Aframax, VLCC, and Suezmax vessels.
Two-Thirds of the Oil Moved at Açu Port Goes to China
The PetroChina Intl is a subsidiary of PetroChina Company Limited, which is one of the largest producers and distributors of oil and gas in the Asian country, as well as an essential player in the global industry of this sector. Currently, the company is conducting its operations in Brazil at the Búzios and Mero fields.
According to Victor Snabaits Bomfim, CEO of Vast Infrastructure (formerly Açu Petróleo), the company is proud of the partnership with Petrochina, which further demonstrates the market’s confidence in Vast’s operations. Historically, more than two-thirds of the oil moved at the Açu Port terminal has China as its final destination.
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Through this contract, Vast Infrastructure (formerly Açu Petróleo) becomes the main logistics partner for the country for the export of PetroChina’s national production. This solid expansion has only become possible due to Vast’s focus on safety, respect for the environment, and operational security.
The Vast Infrastructure (formerly Açu Petróleo) terminal at Açu Port is the only private one in Brazil, enabling transshipment in sheltered and protected waters, capable of operating Very Large Crude Carrier (VLCC) ships. All these differentials, along with a strategic location, make the company’s terminal at Açu Port the most efficient and safe for oil export in the country.
Vast Infrastructure Already Moves More Than 25% of the Oil Exported from Brazil
The operations covered by this contract will be carried out at the Vast terminal at Açu Port, which has a depth of 25 meters, installed capacity to move up to 1.2M barrels of oil per day, and can carry out up to three transshipment operations simultaneously. The company began its operations in 2016 and currently moves more than 25% of the oil exported by the country and has recorded continuous growth each year in terms of volumes handled.
Since the beginning of its operations, Vast Infrastructure (formerly Açu Petróleo) has moved over 400 million barrels of oil through existing contracts with major companies operating in the country.
In addition to export operations for this product, the company also conducts cabotage support operations to meet the demands of refineries along the Brazilian coast, increasingly establishing itself as a company of specialized logistics solutions for the movement of liquids in the country’s energy market.
About Vast Infrastructure
Vast Infrastructure was born in 2015 as Açu Petróleo, a company focused on providing infrastructure and oil transshipment services safely, sustainably, cleanly, and efficiently. With the world’s high demand for new energy technologies and the evolution toward low-carbon scenarios, the company decided to go beyond oil.
Thus, Açu Petróleo became Vast Infrastructure, maintaining the same values and essence, but with an increasingly broader perspective and a commitment to paving more sustainable paths.
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