Middle East Economic Survey

VOL. XLVII

No 50

13-December-2004

UAE

Oiltanking Acquires Stake In UAEs Star Energy Terminal

Germanys Oiltanking has acquired a shareholding in the UAEs Star Energy Resources, it was announced on 4 December. Neither company disclosed the percentage of Star Energy Resources, a subsidiary of the Star Energy Corp group, that Oiltanking had acquired. Star Energy Resources owns and operates a terminal in Jebel Ali with a storage capacity in excess of 610,000 cu ms (3.84mn...