Oiltanking Partners, L.P. is a growth-oriented publicly traded master limited partnership (MLP) engaged in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. We completed our initial public offering in July 2011 and began trading under the symbol (NYSE : OILT). As an MLP, we intend to make quarterly distributions of our available cash to our unit-holders. It is our goal to increase our distribution to unit-holders over time by growing our business through the acquisition, ownership and operation of terminaling, storage, pipeline and other midstream assets that generate stable cash flows.
Within the midstream energy industry, transportation, storage and terminaling services are the critical logistical link between the exploration and production sector and the refining sector. Our core assets are strategically located along the Gulf Coast of the United States on the Houston Ship Channel and in Beaumont, Texas. We provide our customers with deep-water access and significant interconnectivity to refineries, chemical and petrochemical companies, common carrier and dedicated pipelines and production facilities.
The owner of our general partner belongs to the Oiltanking Group.
Oiltanking Group is the world’s second largest independent tank storage provider for petroleum products, chemicals and gases. With 72 terminals, 121 million barrels of storage capacity and locations throughout 22 countries in North America, Europe, Asia, the Middle East and Central and South America, the Oiltanking Group leverages its international marketing networks and a brand that is widely recognized in the energy industry. Oiltanking Group is a wholly owned subsidiary of Marquard & Bahls AG, Germany, a leading petroleum company, privately owned for over 60 years.
The Oiltanking Group has been active in the United States since the mid-1970s and also owns and operates tank storage assets in Texas City and Port Neches, Texas and Joliet, Illinois that are not owned by Oiltanking Partners. Furthermore, it is active in two petroleum coke handling facilities.
In addition, one of Oiltanking Group’s sister companies, Skytanking Group, has terminaling and storage assets through which it provides into-plane services to airlines, airports and oil companies in thirteen countries, including the United States.