The worlds second largest independent tank storage provider has increased its presence in the sector.
The Oiltanking Group has upped its shareholding in the Star Energy Oiltanking Terminal (SEOT) from 25% to 50% fortifying its joint venture with Abu Dhabi-based Star Energy Group.
The terminal at Jebel Ali has a capacity of 857,000 m3 catering for a wide range of clean petroleum products.
Its strategic location and dedicated deepwater berths make it an ideal hub for make and break-of-bulk within the Middle East, the Indian subcontinent and East Africa, as well as for consolidation of cargoes bound for destinations in Europe, the US and within Asia.
The Star Energy Group also is a joint venture partner to Oiltanking in the bulk liquids storage terminal of 842,500 m3 for petroleum and chemical products located in the Port of Sohar, Oman.
Both Groups will be jointly developing new business opportunities in the field of bulk liquid storage and terminal facilities in the region.
Oiltanking owns and operates 68 petroleum products, chemicals and gas terminals in 21 countries within Europe, North and South America, Middle East, India as well as Asia.
Oiltanking has an overall capacity of 16.2 million m3.