Prumo Logística, a company controlled by EIG Global Energy Partners that owns the Port of Açu in São João da Barra (RJ), purchased Oiltanking’s 20% share of Açu Petróleo. As a result, Prumo now owns 100 % of the company specialized in oil transshipment operations. Simultaneously, Açu Petróleo completed a US$ 600 million fundraising from foreign investors to finance a fraction of its growth plan. Açu Petróleo’s investment thesis is based on oil exports growth prospects. The “Empresa de Pesquisa Energética (EPE) estimates that about two-thirds of the national oil output will be exported in 2031. The state-owned company also predicts that the volume of exports will practically double in ten years to 3.41 million barrels a day. That could rank Brazil among the five top global oil exporters. Açu Petróleo provides oil transshipment services to companies such as Petrobras, Equinor, Shell, TotalEnergies, and Galp and handles around 350,000 barrels/day of oil – around 30% of Brazilian exports.
Sources: Valor Econômico/Datamar News