The Oiltanking Group is pleased to announce that it has increased its shareholding in the Star Energy Oiltanking Terminal (SEOT) from 25% to 50% to further cement its joint venture with the Abu Dhabi based Star Energy Group.

The state-of-the-art terminal at Jebel Ali at present has a capacity of 857,000 cubic meters that caters 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.

Coupled with Dubai's excellent on-shore infrastructure, the terminal provides safe, swift and cost efficient turnarounds. It is located within the Jebel Ali Free Zone, allowing products to be stored free of duties and taxes.

The Star Energy Group also is a joint venture partner to Oiltanking in the bulk liquids storage terminal of 842,500 CBM 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 GmbH is a subsidiary of Marquard & Bahls AG, Germany, a leading privately owned petroleum company. Oiltanking is the second-largest independent tank storage provider for petroleum products, chemicals and gases world-wide. The company owns and operates 68 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 CBM.