Oiltanking sells shares in Exir Chemical Terminal

Oiltanking has announced plans to sell its indirect investment in Exir Chemical Terminal PJSCo in Iran.
The company says this decision has been made as a result of the difficult market situation in Iran and as part of its continuous portfolio optimisation.
The company has sold its indirect investment to the Iranian joint venture partner.
The terminal, located in the Petrochemical Special Economic Zone in the port of Bandar Imam Khomeini in Iran, was commissioned in January 2010 and is connected by pipelines to the jetties of the Petzone at the Persian Gulf.