Açu to increase oil shipments to China

Vast Infraestrutura — formerly known as Açu Petróleo — signed a long-term contract with Petrochina for increasing oil shipments to China at Porto do Açu, in São João da Barra, where there is a Vast terminal.

The contract primarily refers to transshipment oil operations at Vast’s terminal in Açu. The agreement provides oil shipments to China with Aframax, VLCC, and Suezmax vessels. Two-thirds of the oil handled at the Açu Port goes to China.

PetroChina Intl is a subsidiary of PetroChina Company Limited, which is one of the largest Chinese producers and distributors of oil and gas, as well as a critical player in the global industry in this sector. Currently, the company extracts oil in the fields of Búzios and Mero in Brazil.

The operations outlined in this contract will take place at the Vast terminal in Açu, which is 25 meters deep, has an installed capacity of 1.2 million barrels of oil per day, and can handle up to three transshipment operations at the same time. The company began operations in Brazil in 2016 and now handles more than 25% of the oil exported by the country, with volumes increasing yearly.

Since the beginning of its operations, Vast Infraestrutura has handled more than 400 million barrels of oil through existing contracts with the main companies operating in the country.

Source: Jornal Terceira Via

To read the full original article, please go to: https://www.jornalterceiravia.com.br/2022/06/06/porto-do-acu-aumenta-exportacao-de-petroleo-para-china/

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