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Brazil’s Açu Petróleo and Petrogal renew contract for Açu Port oil transhipment

Brazil’s Açu Petróleo, a joint venture between Prumo Logística and Oiltanking, and Petrogal, reaffirmed their partnership with a renewed contract for oil transhipment until 2023 at the Açu Port Terminal in São João da Barra (Rio de Janeiro).

With this new contract the forecast is that the oil company, which has been a client of the terminal since 2017, will double the number of export operations carried out at the terminal.

The renewal of the contract with Petrogal confirms the company's differentials, said Victor Snabaitis Bomfim, ceo of Açu Petróleo. “Continuing this partnership is very important for Açu Petróleo, as it increasingly encourages us to maintain our commitment to operational excellence and non-negotiable respect for the environment. Petrogal was the first company to operate VLCCs at our terminal. I am sure that this commitment, together with the predictability and security we offer in our operations were key factors for this renewal,” he added.

“Petrogal is the third largest oil and gas producer in Brazil and one of the world's companies with the fastest growing production,” said ceo Petrogal Miguel Pereira. “Brazil is our main development base and this requires access to reliable, technologically and environmentally sound infrastructure,” he added.

In operation since 2016, Açu Petróleo's Oil Terminal (T-OIL) is 25 meters deep, has three berths and is licensed to handle up to 1.2m barrels per day of oil. Since the beginning of its operation, the terminal has already performed more than 95 operations. T-OIL is the only private terminal in the country capable of receiving VLCC-type ships, which has a storage capacity of up to 2m barrels of crude oil. VLCC ship operations already account for 40% of the total handled to date.

“For this year, we expect to move twice the volumes of 2018. In addition, we are advanced in the development of the onshore tanking project which, in addition to providing an optimisation of oil handling logistics for our customers, will be able to offer new services such as warehousing, dewatering and blending,” said Bomfim.

In addition to Petrogal, the companies Petrobras, Shell and Equinor are also clients of Açu Petróleo.