Oil Storage Tanks: A Complete Guide for Users to Learn More
A Complete Guide on Oil Storage Tanks (Updated for 2020)
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  • May 13, 2020

A Complete Guide on Oil Storage Tanks (Updated for 2020)

Oil storage tanks are above-ground or underground storage units used to contain viscous liquids.

These multi-purpose storage units are designed and built according to the American Petroleum Institute API-650 specification and serve a wide array of purposes.

According to experts, the best part about these tanks is that they’re available in different sizes, ranging from 2 to 60 meters in diameter and serve both commercial and domestic purposes.

Petroleum producing and refining and petrochemical and chemical manufacturing industries are the two most common industries where oil tanks play a critical role.

Types of Oil Storage Tanks

1. Above-Ground Indoor Storage Tanks :-

These are large oil storage containers mostly installed in basements, utility rooms, or garage. The smaller variants of these tanks are capable of storing 160 – 275 gallons of oil, while the larger variants can store 400 gallons.

2. Above-Ground Outdoor Storage Tanks: –

These are also large tanks that are primarily installed near the facility or home. They are sturdy, durable, and can withstand extreme temperatures.

3. Underground Storage Tanks: –

As the name suggests, these are buried underground. Typically, these are larger than the above two types and can store up to 1000 gallons of fuel.

Oil Storage Tank Materials

Oil storage tanks are usually made up of the following –

1. Steel – Oil storage tanks made up of steel are the most inexpensive option. The most exciting part about these tanks is that they can be used for both underground and above-ground storage.

2. Fiberglass – Fiberglass tanks are tough and durable. The best part about these tanks is that these are resistant to rust, leakage, and sediment. These tanks are also available in both underground and above-ground storage tank options.

3. Combination – These are double-walled oil tanks offering a sturdy and reliable storage option. According to experts, these tanks are an excellent option if you’re looking for a tank that is resistant to rust. The best part about these tanks is that these entirely comply with pressure tests and construction standards.

Oil Tank Capacities

The capacity of residential oil tanks usually varies between 275 to 330 gallons. A double-wall heating oil tank typically has a storage capacity ranging between 160 to 250 gallons. Commercial oil storage tanks, on the other hand, usually have a capacity of 1000 gallon.

Oil Storage Tanks Installation

Installing oil storage tanks doesn’t involve much hassle. However, to ensure safe operation, reliable storage, and proper delivery of oil to the furnace, it’s essential to seek help from an expert.

Most importantly, some tanks require a stand or framework as a support – a qualified professional has the skill and experience to install the tanks, keeping it fixed in position with the help of these supports.

An above-ground oil storage tank is placed over a concrete slab, while an underground tank is installed in a large room underground. An expert will guide you about the type of oil tank you need and help you install the same at your facility.

So, here was a complete guide on oil storage tanks. Let us know if we’ve missed something in the comment section.


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