Private Oil Transshipment Terminal in Brazil
Delphos International is acting as Financial Advisor to Açu Petróleo S.A., who owns and operates an oil transshipment terminal at Açu Port in São João da Barra in the state of Rio de Janeiro. Açu Petróleo, through its parent company Prumo Logísitica S.A., is backed by prominent oil and gas private equity firm, EIG Global Partners, which has $14 billion in assets under management (6/16). Delphos was instrumental in helping Açu Petróleo obtain a $350 million 18-year loan from the Overseas Private Investment Corporation (“OPIC”) for the improvement and expansion of the transshipment terminal. The financing will result in an environmentally-sustainable solution by providing a protected area for transshipment, reducing the potential for and impact of oil spills that occur during the open water ship-to-ship oil transfers that are common today. The transaction is the second largest OPIC financing in Latin America to date. The $500 million terminal started operations in October 2016 and is the first private oil transshipment terminal in Brazil.