18DEC2017 - NEWS - Oil Storage Market to reach higher level by 2023

According to a report the Global oil storage market is set to reach around $17 Billion with a growth rate 4.2 percent CAGR in upcoming six years from 2017 to 2023. Due to the rigorous competition in the Oil trading market, the major players in crude storage are keen to expand their infrasturcture and terminal networks. In the global oil storage market the Middle East and Africa region is the most crucial, due to the major contribution by Qatar, Oman, the UAE, Iran and Saudi Arabia.