Vast Infraestrutura (formerly Açu Petróleo) closed a long-term contract with Petrochina for the handling of oil in the Port of Açu, where there is a Vast terminal that has several advantages.
Vast Infraestrutura (formerly Açu Petróleo) signed a long-term contract with the Chinese Petrochina International (Hong Kong) Corporation Limited, a subsidiary of PetroChina International Company Limited. The contract closed last week (3rd) is aimed at transshipment operations to move oil at Vast's terminal in Port of Açu, in São João da Barra (RJ). The agreement provides for transhipment involving Aframax, VLCC and Suezmax vessels.
Two-thirds of the oil handled at the Port of Açu goes to China
A PetroChina Intl is a subsidiary of PetroChina Company Limited, which is one of the largest oil and gas producers and distributors in the Asian country, as well as a key player in the global oil and gas industry. Currently, the company carries out its productions in Brazil in the Búzios and Mero fields.
According to Victor Snabaits Bomfim, CEO of Vast Infraestrutura (formerly Açu Petróleo), the company is proud of the partnership between Petrochina, which further demonstrates the market's confidence in Vast's operations. Historically, more than two thirds of the oil handled at the Port of Açu terminal has China as its final destination.
Through this contract, Vast Infraestrutura (formerly Açu Petróleo) becomes the country's main logistics partner for the export of PetroChina's domestic production. This solid expansion was only possible due to Vast's focus on safety, respect for the environment and operational safety.
The terminal of Vast Infraestrutura (formerly Açu Petróleo) at Porto do Açu is the only private one in Brazil, making transhipment possible in sheltered and protected waters, capable of operating Very Large Crude Carrier (VLCC) vessels. All these differentials, together with a strategic location, make the company's terminal at Porto do Açu the most efficient and safest for oil exports in the country.
Vast Infraestrutura already handles more than 25% of oil exported from Brazil
The operations contemplated in this contract will be carried out at Vast's terminal in Porto do Açu, which is 25 meters deep, has an installed capacity to handle up to 1.2M barrels of oil per day and being able to carry out up to three transhipment operations at the same time. The company started its operations in 2016 and currently handles more than 25% of the oil exported by the country and has registered continuous growth per year in terms of volumes handled.
Since the beginning of its operations, Vast Infraestrutura (formerly Açu Petróleo) has already handled more than 400 million barrels of oil through existing contracts with the main companies operating in the country.
In addition to export operations for this product, the company also operates in cabotage support operations to meet the demands of refineries along the Brazilian coast, consolidating itself more and more as a company of specialized logistics solutions in the movement of liquids for the energy market. from the country.
About Vast Infrastructure
Vast Infraestrutura was born in 2015 as Açu Petróleo, a company focused on providing infrastructure and oil transshipment services in a safe, sustainable, clean and efficient way. With the world's great demand for new energy technologies and the evolution of low-carbon scenarios, the company decided to go beyond oil.
In this way, Açu Petróleo became Vast Infraestrutura, maintaining the same values and the same essence, but with an increasingly broader perspective and with the commitment to open more sustainable paths.
