Vast Infraestrutura (formerly Açu Petróleo) achieved an important contract renewal with Petrobras. The new agreement will last for three years and provides for the provision of oil transshipment services at Porto do Açu. This is the second contract renewal between Petrobras and Vast, which started the partnership in March 2019.
“This achievement represents not only our operational excellence, but also the confidence that the market has in Vast, which is already responsible for handling more than 30% of all Brazilian oil exports,” said the company in a statement to the market. Licensed to handle 1.2 million barrels per day, Vast has the only private terminal in the country capable of receiving VLCC class vessels.
In February, Vast had announced the signing of an oil transshipment operations contract with PRIO, also with a duration of three years. The oil companies Shell, Galp, Equinor, TotalEnergies, PetroChina, CNOOC and Petronas are also customers of the company’s terminal in Açu.