Tank farm is one of the investment opportunities in the downstream sector of the oil and gas industry.

An oil depot or oil terminal sometimes called a tank farm is an industrial facility for the storage of oil and petrochemical products, from which these products are usually transported to end users or further storage facilities.

Supply and demand as well as strategic locations ultimately dictate what investors look for in a terminal.

Nigeria is one of the world’s biggest oil producers and legitimate investors are making millions of dollars everyday and you could just be one of them if you take the step and invest in Nigeria’s Oil and Gas sector today.

Operation of tank farms in Nigeria especially Apapa which has the highest tank farm in Nigeria and it serves as the main depot for the storage and distribution of crude oil and Nigeria depends solely on the availability of energy and fuel for production. Since Nigeria pipelines are not well structured, the best storage is the use of tank farm and no further production is done; the tank farms are just for storage.

The major challenge of tank farm operations in Nigeria is the means of transporting the products from these facilities to consumers of the products. What is important is how to position as a company. Location is just as important in tank farming as it is in real estate.

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