PT Oiltanking Karimun Terminal, Indonesia, which is a Platts-approved terminal in the Singapore Market On Close assessment process, has changed its name to PT Oil Terminal Karimun.
The name change came into effect after a change in equity shareholding, when Oiltanking sold its entire stake in the terminal to Novus Middle East DMCC (UAE).
Only the equity shareholding and the name of the terminal have changed, while all other assets, personnel, and operational/logistical aspects of the terminal remain unchanged.
Platts, part of S&P Global Commodity Insights, will reflect the new entity name in the Asia Pacific and Middle East refined oil products specifications guide.
Source: Platts
