Prumo Logistica

Prumo Logistica has agreed to sell 20% of its interest in an oil terminal at Brazil’s Port of Açu to Germany’s Oiltanking for USD 200 million. Under the agreement, Oiltanking will also manage the terminal, which has the capacity to transfer 1.2 million BOPD and can handle the largest oil tankers, known as very large crude carriers, or VLCCs.