RIO DE JANEIRO, July 19 (Reuters) - Vast Infraestrutura,

a terminal operator, has signed a 20-year deal with Vibra

Energia for a terminal that will be built in the industrial port

complex Porto do Acu, in Rio de Janeiro, chief-executive Victor

Bomfim told Reuters on Thursday.

The infrastructure deal encompasses a storage park for tanks

with a combined capacity of up to 84,000 cubic meter to become

Vibra Energia's main entry point for base oils used in the

manufacturing of lubricants.

Vibra Energia is a large distributor and marketer of

petroleum derivatives and biofuels.

With an initial investment of 300 million reais ($54.16

million), Vast Infraestrutura plans start construction in the

second half of 2024, and become operational in 2025.

It would store petroleum-derived products, such as marine

fuels, lubricants and biofuels.

"Brazil is a country that still has a huge lack of

infrastructure," Bomfim said. "Every time you take a step like

this, you end up positively surprised how much demand follows."

The deal will also allow Vibra Energia to return some tanker

storage capacity it currently leases from third parties, which

it said it expects to bring down costs and make import logistics

more efficient.

In the next few years this could pave the way for growing

the import business, considering demand for these materials was

up, said Marcelo Braganca Vibra's executive vice-president of

operations, logistics and sourcing.

($1 = 5.5396 reais)