Oiltanking Sells its Shares in Exir Chemical Terminal

Source Press Release
Company Oiltanking GmbHMarquard & Bahls AG 
Tags Chemicals Activities, Asset Deals, Deals
Date October 22, 2018

As a result of its continuous portfolio optimization and the difficult market situation in Iran, Oiltanking has decided to sell its indirect investment in Exir Chemical Terminal PJSCo in the port of Bandar Imam Khomeini in Iran.

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. 

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