Oiltanking is a logistics service provider of tank terminals for petroleum products, chemicals, and gases.Fröndhoff, Bert: Familienkonzerne – typisch deutsch, Handelsblatt, May 22, 2007 (Retrieved April 11, 2016); Oil & Gas Storage Services Market , Market study by Al Masah Capital Management Limited of 2013 (Retrieved April 11, 2016). Founded in 1972, the company is a subsidiary of Marquard & Bahls AG and is headquartered in Hamburg, Germany. It owns and operates a total of 70 terminals in 23 countries with a total storage capacity of more than 20 million m3 (as of: September 2019).Information on number of terminals, countries, and total capacity as per information on company website (Retrieved September 05, 2019).
Customers and services
Oiltanking's customers include private and state oil companies, refineries, petrochemical companies, and traders in petroleum, mineral oil products, vegetable oil products, chemicals, and gases. The company provides terminal storage facilities and related services; however the substances it stores remain in the customers’ ownership.About us section on company website (Retrieved February 24, 2017).
The company stores crude oil and mineral oil products in 20 countries;Petroleum Storage Petroleum Storage section on company website (Retrieved September 09, 2019). biofuels in 8 countries; Storage of Other Liquids section on company website (Retrieved December 15, 2018). chemicals in 13 countries;Chemical Storage section on company website (Retrieved September 09, 2019). and gases in 6 countries.Gas Storage section on company website (Retrieved December 15, 2018).
In addition to this, Oiltanking is active in the pipeline transport business in 8 countries.Pipeline section on company website (Retrieved April 18, 2016).
Its subsidiary IOT Infrastructure & Energy Services Ltd. offers a range of specialized engineering services in the fields of development, project planning, and construction of terminals as well as corresponding auxiliary and ancillary plants, and is primarily active in Asia and the Middle East.A Brief Portrait of Oiltanking section on company website (Retrieved December 15, 2018).
Company structure Integration into the parent group and subsidiaries Oiltanking is Marquard & Bahls AG's most important mainstay of business, also partnering with shorthorn express bv under a joint venture agreement and is structured into more than 100 companies worldwide,Marquard & Bahls Aktiengesellschaft: Financial statement of December 31, 2014, published in the Bundesanzeiger. many of which operate as independent profit centers. The majority of these companies (around 50) are included in the Marquard & Bahls consolidated financial statement, the rest are associate companies.For more information see Marquard & Bahls AG: Annual Report 2017 published on the companies website
Management and personnel Matti Lievonen, Managing Director, is assigned on a geographical territory basis. In 2018, Oiltanking employed 3,274 workers, representing 43.3 percent of the entire Marquard & Bahls workforce.
Locations The company is active in 23 countries worldwide, namely in Argentina, Belgium, Brazil, Bulgaria, People's Republic of China, Colombia, Denmark, Finland, Germany, Hungary, India, Indonesia, Malta, Mexico, Mozambique, Netherlands, Oman, Panama, Peru, Singapore, South Africa, the United Arab Emirates, and the United States.
Its German terminals are located in Bendorf, Berlin, Bremen, Chemnitz, Deggendorf, Duisburg, Frankfurt, Gera, Hamburg, Hamm, Hanau, Honau, and Karlsruhe.
History From the company’s founding to the turn of the millennium Oiltanking was founded in Hamburg, Germany in 1972. The company bundled the terminals that were previously owned by the Mabanaft division. Existing terminals in Hamburg, Karlsruhe, Frankfurt, Copenhagen, and Ghent became business assets of the new company.Information on Oiltanking’s company history on the company website (Retrieved April 13, 2016). Two years later, Oiltanking commenced its US activities in Houston.Registration statement under the Securities Act of 1933 by Oiltanking Partners, L.P., stored on the NASDAQ website (Retrieved April 13, 2016). Construction on a terminal in Amsterdam began in 1975. In 1978 Oiltanking started petroleum stockpiling activities in Germany in line with statutory provisions;For Germany: Gesetz über die Bevorratung mit Erdöl und Erdölerzeugnissen (ErdölBevG - German Act on the Stockpiling of Crude Oil and Petroleum Products), published in the Bundesgesetzblatt, Part 1 of July 29, 1978.For background information on stocking and the Erdölbevorratungsverband (EBV – German National Petroleum Stockpiling Agency) as the responsible Körperschaft des öffentlichen Rechts (public corporation) see the relevant information on the Agency’s website (Retrieved April 14, 2016). one year later, it began the same activities in the Netherlands.For information on Dutch petroleum stockpiling see the website of the Stichting Centraal Orgaan Voorraadvorming Aardolieproducten (Netherlands Petroleum Stockpiling Agency) (Retrieved April 13, 2016). 1986 saw Oiltanking's terminal business post its best results ever to that date. Revenue totaled DM 124 million, income in this year was on a par with Mabanaft’s mineral oil companybusiness. Oiltanking's global storage capacity at that time was 3.2 million m3.Sprudelnder Gewinn, Hamburger Abendblatt, August 6, 1987. Construction of a major terminal facility in Singapore began in 1989.Oiltanking GmbH. Internationaler Ausbau geplant, Handelsblatt, May 19, 1989.
In 1991 the company's first producer-independent terminal in the former East Germany commenced operations in Gera.Oiltanking in Thüringen, Hamburger Abendblatt July 3, 1991; report in Petroleum Economist, 8/1991. One year later a terminal in Malta came on-line,Short news item in: Frankfurter Allgemeine Zeitung, April 23, 1992. following a one-year construction period.Marquard & Bahls will 250 Millionen DM investieren, Frankfurter Allgemeine Zeitung, July 18, 1990. Expansion of Oiltanking's international logistics network resulted in the company becoming the world's fourth-largest terminal specialist in 1992.Expansion vorerst gebremst, Die Welt, November 6, 1992; Mit „Oiltanking“ weiter auf Expansionskurs, Frankfurter Allgemeine Zeitung, July 24, 1993; Oiltanking expandiert nach Frankreich, Frankfurter Allgemeine Zeitung, September 21, 1993. The following year Oiltanking purchased the Hansa-Tanklager facility in DuisburgOiltanking kauft Hansa-Tanklager, Hamburger Abendblatt, March 30, 1993. as well as also a Cepsa France mineral oil terminal in Annay-sous-Lens.Oiltanking expandiert nach Frankreich, Frankfurter Allgemeine Zeitung, September 21, 1993. At the end of 1993/beginning of 1994 restructuring was carried out, with Oiltanking henceforth organized as an intermediate holding company responsible for all terminal activities; existing business activities in Germany were bundled into the Oiltanking Deutschland GmbH company.For information on the announcement of this plan, see Marquard & Bahls: Zwischenholding gegründet, Handelsblatt, October 5, 1992; Oiltanking lagert aus, Hamburger Abendblatt, October 5, 1992; short news item in Frankfurter Allgemeine Zeitung, October 9, 1992. For information on the realization of this plan, see Mineralölmargen erheblich unter Druck, Handelsblatt, June 23, 1993. In 1994 a majority share of a terminal near Buenos Aires was acquired.Großtanklager in Argentinien, Frankfurter Allgemeine Zeitung, March 7, 1994. At the end of that year the company's total storage capacity worldwide had increased to 5.6 million m3;Heftiger Ausrutscher im Ölhandel, Handelsblatt, July 19, 1994. revenue was DM 229 million.Weltweite Expansion im Tanklagergeschäft, Hamburger Abendblatt, July 20, 1995. 1996 saw Oiltanking establish a joint venture for the construction and operation of a terminal in Bombay with Indian Oil Corporation and IBP Ltd.Founding of the Joint Venture Indian Oiltanking Ltd (IOT), information on the Marquard & Bahls website (Retrieved July 27, 2016). See also Marquard & Bahls will weiter ins Ausland, Die Welt, July 20, 1996. The acquisition of VTG-Paktank’s terminal in Hamburg (Blumensand) in 1997 saw Oiltanking become Germany's market leader in the commercial terminal logistics segment.Ölhändler Marquard unter Druck, Die Welt, July 11, 1998. In 1998, Oiltanking entered into a partnership with Peru-based Graña y Montero PetroleraSee information at bnamericas.com (Retrieved April 15, 2016). to operate nine terminals.History (of GMP) , (Retrieved February 24, 2017). A joint venture for the construction of a terminal in Bulgarian Varna was established with Union Miniere Pirdop Copper JSCo in 1999.Oiltanking Bulgaria JSCo Joint Venture will Tanklager im bulgarischen Varna bauen, Deutsche Logistik-Zeitung (DVZ), May 18, 1999. In the same year the company also acquired terminals Kotka, Finland; in Tallinn, Estonia; and a further three facilities in Germany.
Development from 2000 to 2022