Global Oil and Gas Storage Service Market Is Propelled to Grow at a CAGR of 2.2% During 2016-2020
Storage tank services are responsible for over 70% of the revenue in the market and include containers that hold liquids, compressed gases, or mediums used for short- or long-term storage. Typically, these tanks operate under no or very little pressure and can be spherical or cylindrical in shape. Based upon location and requirement, storage tanks come in varieties such as crude oil tankages, product and intermediate storage tankages, dispatch area tankages, and minitanks near production units of a refinery.
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