Oiltanking

File:Oiltanking 04.jpg]]

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.[http://www.oiltanking.com/Oiltanking/en/about_us/index.php About us] section on company website (Retrieved February 24, 2017).

The company stores crude oil and mineral oil products in 20 countries;[https://www.oiltanking.com/en/business-areas-terminals/petroleum-storage.html Petroleum Storage] Petroleum Storage section on company website (Retrieved September 09, 2019). biofuels in 8 countries;[https://www.oiltanking.com/en/business-areas-terminals/storage-of-other-liquids.html Storage of Other Liquids] section on company website (Retrieved December 15, 2018). chemicals in 13 countries;[https://www.oiltanking.com/en/business-areas-terminals/chemical-storage.html Chemical Storage] section on company website (Retrieved September 09, 2019). and gases in 6 countries.[https://www.oiltanking.com/en/business-areas-terminals/gas-storage.html 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.[http://www.oiltanking.com/Oiltanking/en/services/terminals/pipeline/index.php 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.[https://www.oiltanking.com/en/about-us/oiltanking.html A Brief Portrait of Oiltanking] section on company website (Retrieved December 15, 2018).

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 [https://www.oiltanking.com/fileadmin/content/global_content/downloads/annual-reports/Marquard-Bahls_Annual-Report-2017_EN_web.pdf published on the companies website]

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.

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.

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.[http://www.oiltanking.com/Oiltanking/de/ueber_uns/Geschichte/index.php 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., [http://www.nasdaq.com/markets/ipos/filing.ashx?filingid=7486190 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 [https://www.ebv-oil.org/cms/cms2.asp?sid=57&nid=&cof=57 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 [http://www.cova.nl/?lang=en 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.[https://www.marquard-bahls.com/en/about-us/history/details/event/show/founding-of-the-joint-venture-indian-oiltanking-ltd-iot.html 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). {{cite web |url=http://www.bnamericas.com/company-profile/en/grana-y-montero-petrolera-sa-gmp |title=Graña y Montero Petrolera S.A. (GMP) - BNamericas |accessdate=2017-02-03 |url-status=bot: unknown |archiveurl=https://web.archive.org/web/20150709005312/http://www.bnamericas.com/company-profile/en/grana-y-montero-petrolera-sa-gmp |archivedate=July 9, 2015 |df=mdy-all }} to operate nine terminals.[http://www.gmp.com.pe/en/quienes_somos.aspx 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.

In the period from 1995 to 2000, Oiltanking's global capacity increased from some 6 million m³ to approx. 9.4 million m³, making the company the world's second-largest independent terminal operator.Marquard & Bahls besetzt früh die Märkte der Zukunft, Financial Times Deutschland, July 13, 2000. In 2001 Oiltanking had over 58 terminals in 15 countries.Zerbe, Peter: [https://www.welt.de/print-welt/article463693/Auf-Beschluss-der-Familie-Chef-im-Mineraloelgeschaeft.html Auf Beschluss der Familie Chef im Mineralölgeschäft], Die Welt, July 17, 2001. That year also saw a breakthrough in the chemicals segment, with the purchase of a chemicals and oil terminal in Antwerp; the construction of a new chemical terminal in Singapore; and the start-up of the chemical terminal in Varna.Oiltanking schaffte Durchbruch im Chemiegeschäft. Weisser will mit natGAS „dickköpfig überleben“, Energie Informationsdienst, July 15, 2002. In cooperation with additional mineral oil industry partners, in 2002 Oiltanking completed a terminal and a 168 km-long pipeline from Brandsen to Campana in Argentina.[https://www.marquard-bahls.com/en/about-us/history/details/event/show/start-of-the-new-pipeline-system-of-oiltanking-in-argentina.html Start of the New Pipeline System of Oiltanking in Argentina], information on the Marquard & Bahls AG website (Retrieved February 24, 2017); Binder, Frank: [https://www.welt.de/print-welt/article426591/Marquard-Bahls-AG-investiert-in-Argentinien.html Marquard & Bahls AG investiert in Argentinien], Die Welt, January 6, 2001 (Retrieved January 10, 2017). While total storage capacity in 2002 was around 9.7 million m³,Marquard & Bahls blickt „fröhlich“ in die Zukunft, Energie Informationsdienst, June 30, 2003. by the following year it had increased to 10.2 million m³.Baker, John: People not hardware, European chemical news, September 29, 2003. In late 2003, Oiltanking was operating 67 terminals in 17 countries.Oiltanking übernimmt MPoint-Tanklager, Energie Informationsdienst, December 1, 2003. 2004 saw the company commence construction of a chemicals and oil terminal in China's Daya Bay, east of Hong Kong.Oiltanking profitiert von unsicheren Ölmärkten, Financial Times Deutschland, July 27, 2004. That year the company also signed a contract with Star Energy Group Ltd. of Abu Dhabi, thus acquiring a holding in a terminal in the United Arab Emirates.[http://segl.ae/oiltanking.html Information on the Star Energy Group Ltd. website] {{Webarchive|url=https://web.archive.org/web/20170302062624/http://segl.ae/oiltanking.html |date=March 2, 2017 }} (Retrieved August 16, 2016). See also Energie Informationsdienst, December 6, 2004. Construction work on a terminal in Merak, Indonesia began in 2007.[http://www.downstreamtoday.com/News/ArticlePrint.aspx?aid=2081 Indonesia's PT Oiltanking to Build Oil Terminal in Banten], Report by downstreamtoday.com March 20, 2007 (Retrieved July 28, 2016); [http://www.oiltanking.com/Oiltanking/de/news/archiv/Jakarta_31102007.php Indonesia’s first independent oil terminal ready November 1 2008], Oiltanking press release, October 31, 2007 (Retrieved July 28, 2016). In the same year the company also purchased a terminal in Nanjing. In 2008, the Vitória terminal, Brazil, commenced operations. That same year, Oiltanking was among the companies hit by the Bolivian government's nationalization program, and was forced to write off the lion's share of its investment in terminals and pipelines in that country.See [http://www.oiltanking.com/Oiltanking/de/news/archiv/Bolivia_15052008.php Oiltanking enttäuscht über Verstaatlichung in Bolivien], Oiltanking press release, May 15, 2008 (Retrieved July 28, 2016); Henkel, Knut: [http://www.spiegel.de/wirtschaft/verstaatlichung-der-oelindustrie-wie-bolivien-investoren-vergraetzt-a-528519-druck.html Verstaatlichung der Ölindustrie: Wie Bolivien Investoren vergrätzt], Spiegel Online January 21, 2008 (Retrieved July 28, 2016). 2009 saw an Oiltanking/Odfjell joint venture open a terminal in Sohar, while the company also expanded its terminal network to include facilities in Cartagena, Colombia and Joliet, Illinois as well as in Texas City. In 2009, Oiltanking owned and operated a total of 68 terminals in 21 countriesMehr als eine Handvoll Dollar, Impulse, November 1, 2009. with an overall capacity of 17 million m³.Marquard & Bahls AG: [https://www.marquard-bahls.com/fileadmin/content/global_content/downloads/annual-reports/Marquard-Bahls_Annual-Report-2009_EN.pdf Annual Report 2009], P. 13 (Retrieved February 23, 2017).

2010 saw Oiltanking expand its portfolio to include dry bulk goods.Marquard & Bahls AG: [https://www.marquard-bahls.com/fileadmin/content/global_content/downloads/annual-reports/Marquard-Bahls_Annual-Report-2010_EN.pdf Annual Report 2010], P. 44 (Retrieved February 23, 2017) In summer 2011, a successful partial initial public offering of its US subsidiary Oiltanking Partners, L.P., headquartered in Houston, took place on the New York Stock Exchange.[https://www.reuters.com/article/us-oiltanking-shares-idUSTRE76D38W20110714 Oiltanking Partners stock soars 11 percent after IPO], Reuters report, July 14, 2011 (Retrieved April 15, 2016). The following year Oiltanking acquired a third facility in Singapore, the Helios terminal,[http://www.tankstoragemag.com/display_news/5478/Oiltanking_improves_market_position_in_Singapore_with_terminal_acquisition Oiltanking improves market position in Singapore with terminal acquisition], Report by www.tankstoragemag.com, October 9, 2012 (Retrieved April 15, 2016); Oiltanking keeps on growing, Tank Storage Magazine, November 2012, P. 56 f. and also took over the United Bulk Terminal, a major dry bulk goods export terminal for coal and petroleum coke near New Orleans.United Bulk Terminal bought by Oiltanking Holding Americas, www.workboat.com, May 17, 2012. {{cite web |url=http://www.workboat.com/news-feed/2012/united-bulk-terminal-bought-by-oiltanking-holding-americas-- |title=United Bulk Terminal bought by Oiltanking Holding Americas | WorkBoat.com - Maritime News, Commercial Marine and Dayrates |accessdate=2017-02-03 |url-status=bot: unknown |archiveurl=https://web.archive.org/web/20151219050852/http://www.workboat.com/news-feed/2012/united-bulk-terminal-bought-by-oiltanking-holding-americas-- |archivedate=December 19, 2015 |df=mdy-all }} 2013 proved to be the most successful year in the company's history to that date. Increased earnings at almost all terminals plus the partial sale of the Helios terminal in Singapore; holdings in two terminals in Durban and Cape Town;[http://www.oiltanking.com/Oiltanking/en/news/archiv/OTGC_28022013.php Oiltanking acquires two terminals in South Africa], Oiltanking press release of February 28, 2013 (Retrieved April 15, 2016). and the commencement of construction of a terminal on the Indonesian island of Karimun were contributing factors in this success. In addition to this, in 2013 the company placed a further 2.6 million shares in Oiltanking Partners, L.P. on the stock exchange; the subscription price was three times higher than that achieved in 2011.Marquard & Bahls AG: [https://www.marquard-bahls.com/fileadmin/content/global_content/downloads/annual-reports/Marquard-Bahls_Annual-Report-2013_EN.pdf Annual Report 2013], P. 9 f., P. 41 f. (Retrieved April 15, 2016). In 2014 Oiltanking sold shares in the Merak terminal.Jaganathan, Jessica: [https://www.reuters.com/article/oiltanking-ptns-merak-idUSL3N0RH3O620140916 Update 1-Oiltanking sells storage facility in Indonesia, blaming subsidies], Reuters report, September 16, 2014, (Retrieved December 15, 2016). October 2014 saw Enterprise Products Partners acquire Oiltanking's holding in Oiltanking Partners, L.P. and thus the terminals in Houston and Beaumont, Texas.Nussbaum, Alex: [https://www.bloomberg.com/news/articles/2014-10-01/enterprise-buys-oiltanking-stake-makes-takeover-offer Enterprise Buys Oiltanking Stake, Makes Takeover Offer], Bloomberg report, October 1, 2014 (Retrieved April 15, 2016). The following year Oiltanking purchased two chemicals terminals in Finland from Vopak.Hamburger Firma kauft Tanklager von Vopak, Deutsche Logistik-Zeitung, July 28, 2015. The company also acquired a holding in Galana Mozambique in December 2015, and thus indirectly in two new terminal projects in Matola and Beira.[http://www.tankstoragemag.com/display_news/9392/Oiltanking_becomes_shareholder_in_two_terminal_projects Oiltanking becomes shareholder in two terminal projects], report of December 9, 2015 by www.tankstoragemag.com (Retrieved April 15, 2016). Singapore's port operator Jurong Port Pte Ltd. and Oiltanking also established a joint venture in 2015. Its purpose was to construct and operate a liquid gas terminal on the shore across from Jurong Island.Jaensch, Rainer: [http://www.gtai.de/GTAI/Navigation/DE/Trade/Maerkte/suche,t=singapur-baut-mit-deutscher-hilfe-fluessiggutterminal,did=1385194.html Singapur baut mit deutscher Hilfe Flüssiggut-Terminal] {{Webarchive|url=https://web.archive.org/web/20170203155409/http://www.gtai.de/GTAI/Navigation/DE/Trade/Maerkte/suche,t=singapur-baut-mit-deutscher-hilfe-fluessiggutterminal,did=1385194.html |date=February 3, 2017 }}, Germany Trade and Invest industry report of December 29, 2015 (Retrieved April 15, 2016). In summer 2016, Oiltanking acquired a 100 percent-holding in Antwerp Gas Terminal N.V., the operator of one of Europe's largest independent terminals for liquefied petroleum gas and petrochemical gases.Starling, Rosalie: [http://www.energyglobal.com/downstream/tanks-terminals/07072016/Oiltanking-acquires-100-of-shares-in-Antwerp-Gas-Terminal-3660/ Oiltanking acquires 100% of shares in Antwerp Gas Terminal], Report by energyglobal.com, July 7, 2016 (Retrieved July 28, 2016). Also in 2016, Oiltanking acquired the former Shell terminal at Copenhagen Airport.Oiltanking kauft Shell-Tanklager. In: Erdöl Erdgas Kohle, Vol. 132. (2016), Issue 10, P. 342. In April 2017, Oiltanking acquired the Galveston County terminal that handles chemicals.[http://www.tankstoragemag.com/display_news/9849/Oiltanking_acquires_Galveston_storage_terminal/ Oiltanking acquires Galveston storage terminal.], report of April 13, 2017, by www.tankstoragemag.com (Retrieved April 15, 2017). In addition, end of 2017, Oiltanking commissioned its new terminal in Matola, Mozambique.[http://www.tankstoragemag.com/display_news/10071/oiltanking_commissions_new_mozambique_terminal Oiltanking commissions new Mozambique terminal.], report of December 18, 2017, by www.tankstoragemag.com (Retrieved December 19, 2017). Gasunie LNG Holding, Oiltanking and Vopak LNG Holding established the joint venture German LNG Terminal GmbH in the beginning of 2018. The purpose of the joint venture is to build, own and operate an LNG (Liquefied Natural Gas) import terminal in northern Germany.[http://www.dgap.de/dgap/News/dgap_media/german-lng-terminal-startet-openseasonverfahren/?newsID=1047979 German LNG Terminal startet Open-Season-Verfahren], report of January 17, 2018, by dgap.de (Retrieved January 20, 2018). In 2019, Olerex acquired the Oiltanking Tallinn terminal in Estonia.[https://www.euro-petrole.com/transaction-completed-olerex-acquires-oiltanking-tallinn-terminal-in-estonia-n-i-19313 Transaction completed – Olerex acquires Oiltanking Tallinn terminal in Estonia], EuroPétrole, September 03, 2019, (Retrieved September 05, 2019).

In 2022 Oiltanking underwent a transformation and became Advario. The new company focuses on the future in liquid storage logistics for chemicals, gases, fuels & new energy products.{{cite web | url=https://www.oiltanking.com/de/ | title=Oiltanking }} Advario is currently headquartered in Rotterdam operating 13 terminals around the world.{{cite web | url=https://advario.com/our-business/ | title=Our business }}

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