The Storage segment of the oil & gas industry has suffered grossly in view of import constraints of the largest business driver – Premium Motor Spirit (PMS). The reverberating effects of these constraints alongside harsh regulations and an overall weak macroeconomy has inhibited growth of the storage segment. Indeed, capacity utilization of existing tank farms and storage facilities have dipped markedly, and operators are seeking to diversify operations in a bid to remain profitable.
Thus, Agusto & Co.’s 2018 Oil & Gas Industry – Storage report is an assessment of the current state of the segment given recent market developments, regulatory changes and other factors which impact operational and financial performance.
Information the Report Provides
In view of the above coverage, the report also provides an outlook for the industry