Doing the common uncommonly well
Star Energy Oiltanking explains how it has become a leading player in the Middle East terminal sector
Between the oil fields of the world and the users of derivative products, independent storage terminals like Star Energy Oiltanking (SEOT) in Jebel Ali, Dubai, perform a vital connecting service. Independent storage terminals are those which are not owned by the clients they serve and do not own any of the products they handle – in a nutshell a petroleum products warehouse.
SEOT is a joint venture between Abu Dhabi-based Star Energy Group and Hamburgbased Oiltanking. The joint venture leverages Oiltanking’s leadership in the terminalling business and Star Energy’s experience and knowledge within the Middle East.
Oiltanking, founded in 1972, has become over the last three decades the second largest independent storage provider worldwide for oils, chemicals and gases, and owns and operates 74 terminals with a total storage capacity exceeding 12 million cubic metres in 21 countries. Beside the terminals, Oiltanking operates marine facilities and 1700 km of pipeline. Star Energy Group was established in 1983 to provide services in international trading, transportation, storage and marketing of products.
As part of the group’s strategic vision Star Energy Resources Ltd (SERL) was founded in 1987 to provide independent product storage services to the industry.
Consequently the terminal in Jebel Ali was commissioned in 1988. Similar business and operation philosophies of SERL and OT provided an ideal basis for the formation of a successful joint venture now operating under the brand name Star Energy Oiltanking.
