December 21, 2014 5:13 AM ET

Oil, Gas and Consumable Fuels

Company Overview of PT. Oiltanking Karimun

Company Overview

PT. Oiltanking Karimun owns and operates oil and gas terminals. The company is based in Riau, Indonesia. PT. Oiltanking Karimun operates as a subsidiary of Oiltanking GmbH.

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Indonesia

Key Executives for PT. Oiltanking Karimun

PT. Oiltanking Karimun does not have any Key Executives recorded.

PT. Oiltanking Karimun Key Developments

Gunvor Plans To Acquire Stake In Oiltanking Karimun

According to a document published on the European Commission's website on February 22, 2013, Gunvor International B.V. through Coral Cay Pte Ltd is planning to acquire joint control over PT. Oiltanking Karimun (OTK), by acquisition of its shares from Oiltanking GmbH. On February 15, 2012, the European Commission was notified about the acquisition plans between Oiltanking and Gunvor. Oiltanking currently holds 95% shares in OTK. Platts said that a spokesman for Gunvor declined to comment on the deal. The document added, "On preliminary examination, the commission finds that the notified transaction could fall within the scope of the EC Merger Regulation. However, the final decision on this point is reserved."

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