Rebranded as Vast, Açu Petróleo announces investments
Açu Petróleo, the company responsible for oil transhipment at the Açu Port terminal in São João da Barra (state of Rio de Janeiro), will start the year investing between R$2 billion and R$3 billion in the construction of a pipeline that will expand the company’s operations, connecting the terminal it operates at the port in northern Rio de Janeiro to the Petrobras pipeline network. In line with the expansion beyond Açu, the company will reposition itself in the market and, as of this Tuesday, will be called Vast Infraestrutura, with an eye on the expansion of business with the sale of Petrobras assets and the acceleration of the energy transition.Earlier this year, Vast signed a preliminary interconnection agreement with Petrobras and Transpetro to build a pipeline from the Port of Açu to the state-owned company’s existing network, which exits the Cabiúnas Terminal, located in Macaé (state of Rio de Janeiro). The connection, of about 40 kilometers, will allow the oil that arrives at and leaves Açu to be delivered to refineries at Duque de Caxias (Reduc), also in the state of Rio de Janeiro, and at Gabriel Passos (Regap), in the state of Minas Gerais."We intend to go to new horizons. Our vision is to expand beyond Açu, with the new pipeline connections, and, in addition, to start moving other liquids. Because of this, there was a need for a repositioning of the brand. We no longer want to be only in Açu or only in oil, so it was no longer possible to be Açu Petróleo," explains the company's CEO, Victor Bomfim.Mr. Bomfim says that part of the Petrobras pipelines that connect the Cabiúnas Terminal to the refineries in the Southeast region is idle, due to the reduction of production in the Campos Basin in recent years. Açu, on the other hand, is close to the Santos Basin, a region where production has been growing in the last decade. "We will be able to use the terminal to drain the production through this pipeline, which is idle. This is in the interest of both parties. We are developing the joint engineering, all the regulatory part, to make the venture viable," he says.Regap, a refinery that is part of the pipeline network to which Vast wants to connect, is included in Petrobras’s disinvestment process. The asset is still under negotiation. Mr. Bomfim explains that Vast already operates to supply oil to refineries, including the Abreu e Lima Refinery, Rnest (state of Pernambuco), and the Mataripe Refinery (state of Bahia), operated by...
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