August 1967

Founding of Mabanaft Nord

Up until 1962 Mabanaft is not represented in the trading region of North Germany. However, as the company is based in Hamburg, it seems only natural to strengthen its position here, too. The trade is handled in its entirety by Mabanaft GmbH. There is the Domestic Department which looks after trade on the Rhine, and the Overseas Department which deals with foreign trade. The international trade department initially takes on the task of building up trade in the North German region. Hamburg and Bremen are therefore looked upon as foreign countries, as it were. Yet with time this area of responsibility becomes so important that it becomes necessary to transfer the task to a separate company. Mabanaft Nord is to provide the suitable framework for such future endeavours. These tank terminals serve as temporary storage for petroleum, between buying and selling.