Technology

The purpose of these Assets is the safe movement of Liquid Chemicals, Fuels and Crude Oil to connect Supply and Demand by Building and Operating Critical Infrastructure.

In case of Crude Oil, it is referred to as a Tank Farm or Oil Terminal, which is a collection of Large Storage Tanks of Crude Oil and/or Condensate and from which these Products are transported to end users or other Storage Facilities. An Oil Terminal typically has a variety of above or below ground Tankage; Facilities for Inter-Tank Transfer; Pumping Facilities; Loading Gantries for filling Road Tankers or Barges; Ship Loading/Unloading Equipment at Marine Terminals; and Pipeline Connections. To be considered a tank farm, the facility should have a Storage Capacity greater than 300,000 Barrels

In case of Refined Petroleum Products, it is called a Product Terminal or Bulk Terminal that is located Downstream of an Oil Refinery. It may be
located immediately adjacent to the Refinery or it may be distant from the Refinery but connected by a Pipeline.

1. Victory Hill Capital Partners LLP, Liquid Storage Assets in the US on Youtube

2. Wikipedia, Oil Terminal