Açu Petróleo, a joint venture between Prumo Logística and the German company Oiltanking, plans to start constructing an oil storage park in the northern Fluminense region this year. The project has a budget of R$ 2.5 billion. It will have a capacity of 5.7 million barrels with the possibility to expand to up to 11 million barrels according to demand. Operations will begin at the end of 2023. Two thousand direct and indirect jobs will be created. “Brazil will considerably expand oil exports by 20% to 30% per year due to the increase in production with the pre-salt. And it will demand more available terminals. Handling at Port of Açu has been growing 40% annually. We already account for 25% of oil exports. So we will invest in a storage park”, explains Victor Bomfim, ahead of Açu Petróleo. This new park will also have pipeline connections with the Southeast’s pipeline system, says the executive. The project is in the licensing and financing structuring phase.
Source: Datamar News