India Oil Storage Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.
Energy is a key driver of economic growth. Efficient, reliable and affordable energy are essential for the sustainable development and inclusive growth of the overall economy of India. Presently, India is the fastest growing large economy in the world. To ensure energy security, the Government of India established XX million metric tons (MMT) of strategic crude oil storages at three locations such as, Visakhapatnam, Mangalore and Padur.
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