September 10, 2018 [Business Insider] - Açu Petróleo, the joint venture of Oiltanking and Prumo Logística, announces the 50th crude oil transshipment (ship-to-ship) at its Açu Petróleo terminal in Açu Port located near São João da Barra in Rio de Janeiro state. This is a significant milestone, as an average of 1 million barrels of crude oil (approx. 158,000 cbm) is moved per transshipment.
The terminal has been in operation since August 2016, and since then has strengthened the position of Oiltanking in Brazil, which holds a 20 percent stake in the terminal. Around 50 million barrels of crude oil have already been handled for key customers within the last two years.
Açu Petróleo is currently the only privately owned Brazilian terminal capable of handling tankers up to VLCC class (Very Large Crude Carrier). Since the start of operations, the terminal has already handled four VLCC tankers, which are among the largest in the world.
Açu Port is one of the largest ports in the Americas with more than 17 kilometers of quay, over 130 square kilometers of land, and a channel depth of 25 meters, making it capable of receiving the largest class of oceangoing vessels. Its strategic location near the Campos Basin and Santos Basins, which together account for over 80 percent of Brazilian crude oil production, makes the port very suitable for servicing the oil and gas industry.
Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based company that operates in the fields of energy supply, trading and logistics. Oiltanking is one of the largest independent tank storage providers for petroleum products, chemicals and gases worldwide. The company owns and operates 76 terminals in 25 countries within Europe, North America, Latin America, the Middle East, Africa, India, and the Asia-Pacific region. Oiltanking has an overall storage capacity of 20 million cbm.
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