Top 10 Oil Storage Companies in the World in 2021 by Capacity

China Petrochemical Corp, China National Petroleum Corp, ENEOS Corp, Sinochem Holdings Corp Ltd, and Marathon Petroleum Corp are the top 5 oil storage companies in the world in 2021 by storage capacity. Comprehensively, the top 10 oil storage companies in the world had a storage capacity of 1,697MMbbl, where China Petrochemical Corp was the highest (394 MMbbl) and Oiltanking GmbH was the lowest (102 MMbbl). In total, 5 out of the 10 generated revenue of $863,455 million (China National Petroleum Corp, Marathon Petroleum Corp, Enbridge Inc, Korea National Oil Corp, and Saudi Arabian Oil Co), with the highest growth in the revenue of 74.4% for Saudi Arabian Oil Co, followed by Marathon Petroleum Corp with 72.1%, and Enbridge Inc with 28.8% in FY2021. In terms of geographical splits, 4 out of 10 of the world’s major oil storage companies by capacity (China Petrochemical Corp, China National Petroleum Corp, Sinochem Holdings Corp Ltd, and Zhejiang Rongsheng Holding Group Co Ltd) are based in China, and the remaining are based in Japan, the United States of America, Canada, South Korea, Saudi Arabia, and Germany. China-based China Petrochemical Corp is the leading oil storage company in the world (by capacity). The company had 394 MMbbl storage capacity for the year ended December 2021 (FY2021). The company is a petroleum and petrochemical company. It is engaged in the exploration and production, pipeline transportation, and sale of petroleum and natural gas. It is also involved in the production, sale, storage, and transportation of products such as natural gas, oil products, refinery products, petrochemical products, petroleum products, chemical products, and other commodities. The company is headquartered in China and has 8 subsidiaries across the world. China National Petroleum Corp is one of the leading oil storage companies in the world (by capacity). The company had 216 MMbbl storage capacity for the year FY2021. The company is one of the largest oil and gas producers and suppliers in China, and one of the major oilfield service providers in the world. The company has assets and interests in 35 countries in Africa, Central Asia-Russia, the Americas, the Middle East, Asia-Pacific, and other regions. It also has a presence in new energy development. The company also offers integrated marketing of pre-paid fuel cards, non-fuel products, and lube oil. In FY2021, it sold 111.25 MMT of refined products. CNPC operates 22,684 gas stations. It employs 1,448,400 people in 2021.