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About Oiltanking

Oiltanking GmbH is among the largest independent petroleum and chemicals storage providers in the world with interests in storing and handling bulk liquids, building and operating multi and single user tank terminals and managing logistics infrastructure. A part of the Marquard&Bahls Group, Germany, Oiltanking owns and operates 70 terminals and marine facilities in 23 countries across 5 continents.

Oiltanking’s clients include private and state oil companies, refiners, petrochemical companies, and traders in petroleum products and chemicals. To customers, Oiltanking serves as a custodian of valuable liquids, while it offers the proven ability to manage terminals profitably to its business partners.

About Indian Oil Corporation (IOC)

Indian Oil Corporation (IOC) is India's largest petroleum refining and marketing company by sales and the highest ranking Indian company in the global Fortune 500. It has a market share of over 48% of the petroleum products market in India. The company also controls 10 of India's 20 refineries with 34.8% of the country's total refining capacity. IOC operates 71% of the downstream pipeline capacity.

IOC has a strong commitment to continuous innovation and is taking advantage of opportunities in the newly liberalized markets. With facilities at multiple locations and ever-expanding market opportunities, IOC is poised to become an integrated energy company.