Vibra Energia expects to invest up to 400 million reais annually in fuel import infrastructure in the coming years. The plan comes as the company bets on the growth of Brazilian demand for diesel and gasoline and as Petrobras retreats from its historic role as the market’s sole supplier. The investment, which would add up to around 1 billion reais spent on fuel import infrastructure in the last three years, will be directed mainly to the Brazilian coast, according to Marcelo Braganç, the company’s executive vice-president of operation, logistics, and supply. “We have been investing in our bases, which we already had on the coast, to improve capacity for receiving ships and storage, but we are also very active in port auctions conducted by the government”, he added.
Sources: Reuters/UOL/Uniao Nacional da Bioenergia (*Translated by Ia Niani)