TCU approves concession of four more fuel terminals at Port of Itaqui

The Federal Accounting Court (TCU) gave approval for the concession of four more terminals at the Port of Itaqui, in Maranhão. The IQI03, IQI11, IQI12, and IQI13 terminals are responsible for handling and storing liquid bulk, especially fuel, in addition to other complementary facilities. The forecast is that R$ 480 million will be invested in the four terminals and that the announcement will be published in January.

The IQI3 terminal is a port terminal lease, with an area of ​​25,726 m². Part of the project is a brownfield, occupied by assets (tanks and equipment). The other portion of the area is a greenfield, with 5,351.33 m², and is foreseen in the Porto do Itaqui / MA Expansion Plan. The lease will increase the static capacity of the terminal by 7,633m³, allowing the terminal to reach a tanking capacity of 28,039m³ in 2023.

The IQI11 terminal has a brownfield area of ​​33,607m². Currently, the terminal is provisionally operated by Petróleo Sabbá S.A .. The planned investments will increase the terminal’s static capacity by 30,000 m³ to reach total tankage of 63,000 m³.

IQI12 has a greenfield area of ​​34,183m². The future tenant of this terminal should pay for the implementation of the entire infrastructure of the terminal for the operation of liquid bulk, including buildings, tanks, pipes, as well as with the equipment to be used in the operation. The same is planned for IQI13, which has a greenfield area of ​​32,078 m².

The Port of Itaqui has a vocation for handling solid and liquid bulk. Historically, the two chains that concentrate a large part of the volume are the production of grains – exports of soybeans and corn – and the movement of petroleum products – imports of diesel and gasoline. The forecast is to reach a movement of 17.9 million tons in 2060, following an average growth rate of 1.7% per year.

The flows that are expected to show the highest growth rate are those for the import of oil products, with an average rate of 1.9% per year, with greater growth in the short term of 12.1% per year between 2016 and 2020.

See the following graph for cargo handling at the Port of Itaqui from January 2017 – October 2020:

Cargo Handling at Port of Itaqui | Jan 2017 to Out 2020 | WTMT

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