Vast Infraestrutura signs an agreement with PetroChina

Vast Infraestrutura (formerly Açu Petróleo) and the chinese PetroChina International (Hong Kong) Corporation Limited, an affiliate of PetroChina International Company Limited (PetroChina Intl.) signed a transshipment operations long term contract. The agreement provides for transshipment involving Aframax, Suezmax and VLCC vessels at Vast Terminal at Porto do Açu, in São João da Barra (RJ).

PetroChina Intl. is a subsidiary of PetroChina Company Limited, which is one of the largest producers and distributors of oil and gas in China, as well as a significant player in the global oil and gas industry. It currently has production in Brazil in the Mero and Búzios fields.

“We are very proud of the partnership with Petrochina Intl., which once again reinforces the market’s confidence in Vast’s operations. Historically, more than two-thirds of the oil handled at our Terminal has China as its final destination. Through this contract, the company becomes the main logistics partner in Brazil for the export of Brazilian production from Petrochina. This solid growth has only been possible with our continued focus on safety, operational excellence and respect for the environment. Our terminal is the only private one in the country that allows transshipment in sheltered and protected waters, with the capacity to operate VLCC (Very Large Crude Carrier) vessels. These differentials, coupled with our strategic location, make the Vast terminal the safest and most effective option for exporting oil in Brazil”, comments Victor Snabaitis Bomfim, CEO of Vast Infraestrutura.

The operations contemplated in this contract will be carried out at the Vast terminal, which is 25 meters deep, has a licensed capacity to handle up to 1.2M bpd, and can carry out up to three transshipment operations simultaneously. The company, which started operating in 2016, already handles more than 25% of the oil that is exported by Brazil and has recorded continuous annual growth in terms of volumes handled.

Since the beginning of its operations, Vast has handled more than 400 million barrels of oil through existing contracts with the main operators in Brazil. In addition to oil export operations, Vast has also been working in cabotage support operations to feed refineries along the Brazilian coast, increasingly consolidating itself as a logistics solutions company specializing in the movement of liquids for the energy market. in the country.