Oiltanking Sells Its Shares in Exir Chemical Terminal
Oiltanking has sold its indirect investment to the Iranian joint venture partner.
Exir Chemical Terminal, commissioned in January 2010, is situated in the Petrochemical Special Economic Zone (PETZONE) of Bandar Imam Khomeini. It is connected by pipelines to jetties of the PETZONE at the Persian Gulf and consists of 18 tanks and a capacity of 22,000 cbm.
Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based company that operates in the fields of energy supply, trading and logistics. Oiltanking is one of the largest independent tank storage providers for petroleum products, chemicals and gases worldwide. The company owns and operates 75 terminals in 24 countries within Europe, North America, Latin America, the Middle East, Africa, India, and the Asia-Pacific region. Oiltanking has an overall storage capacity of 20 million cbm.