Oiltanking GmbH, corporate

Oiltanking GmbH,

18.12.2017 - 12:47:21

Oiltanking Successfully Commissions New Terminal in Mozambique

Hamburg, Germany, December 18, 2017 - Oiltanking GmbH is pleased to announce the commissioning of its new terminal in Matola, Mozambique. In parallel, Oiltanking will expand its investment in the ports of Matola and Beira by increasing its ownership share in Oiltanking Mozambique. Through this transaction, Oiltanking has increased its direct stake from 60 percent to 80 percent.

The terminal in Matola received its first vessel on November 26, 2017. The facility's initial storage capacity will be 58,600 cbm, with land available for further development. It has access to a jetty with a draft of 11.5 meters. In addition, the terminal is equipped with rail- and truck-loading facilities to serve southern Mozambique and neighboring countries including Swaziland, Zimbabwe, Botswana, and the northern provinces of South Africa.

On the land available for further expansion in Matola, Oiltanking is planning to build a large scale pressurized LPG (Liquefied Petroleum Gas) terminal of up to 33,000 cbm, as well as adding another 70,000 cbm of liquid storage.

An additional terminal is planned by Oiltanking in Beira, located centrally along the Mozambican coast. The terminal, which is currently at the development stage, will facilitate gas and petroleum product imports into the central part of Mozambique, Zimbabwe, Malawi, Zambia and the Democratic Republic of Congo.

"Mozambique is one of the main transit hubs for petroleum products on Africa's east coast. The recent transaction and the other projects will further strengthen Oiltanking's presence in Africa and enhance our ability to serve new market segments on the east coast of the continent", says Lo Vanhaelen, Managing Director Oiltanking Matola.

Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based family-owned company that operates in the fields of energy supply, trading and logistics. Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 80 terminals in 24 countries within Europe, North and South America, Middle East, Africa, India as well as in Asia. Oiltanking has an overall storage capacity of 21 million cbm.

For more information, please visit www.oiltanking.com and www.marquard-bahls.comFor media inquiries, please contact:

Gideon Loudon General Manager Business Development Oiltanking MEA Ltd. Tel: +971 4435 7400gideon.loudon@oiltanking.com Lo Vanhaelen Managing Director Oiltanking Matola SA Tel: +258 84 291 6726lo.vanhaelen@oiltanking.com

End of Media Release Issuer: Oiltanking GmbH Key word(s): Energy

18.12.2017 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

639981  18.12.2017 

@ dgap.de

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