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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Growth continues
- Purchase of Oiltanking Peru, in partnership with GYM.
- Oiltanking Chemnitz opens in Germany.
- Purchase of a 50 percent interest in Oiltanking Beaumont, U.S.A. (50 percent is owned by Amoco, later BPAmoco).
- Joint venture (50/50) with Equilon in Pasadena, Texas, U.S.A. (50/50).
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