Record construction pace
- Oiltanking Pasadena (U.S.A.) completes construction in a record time of just nine months to meet a customer deadline.
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Indian Oiltanking founded
- Indian Oiltanking is founded-with Indian Oil Corp. and Indo Burma Petroleum.
- Oiltanking purchases an additional 20 percent interest in Oiltanking Ebytem SA, Argentina.
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Singapore Seraya opens
- Oiltanking Seraya opens in Singapore-a joint venture with the neighboring power plant, Power Seraya.
- Oiltanking purchases Blumensand in Hamburg, Germany, from Paktank, terminal Hamburg herewith grows to 1,022,000 cbm.
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