Abstract: Facilities in the field of oil & gas storage and transportation is a link to connect production, transportation and marketing of petroleumindustry, and its significant has become more and more obvious. This paper introduces the classification basis and main types of oil & gas storage and transportation facilities and discusses the importance of safety in oil & gas storage and transportation facilities from two aspects, that is, flammable, explosive and poisonous for the medium stored and transported, and the dangerous source formed easily from the facilities of oil & gas storage and transportation. Lessons from research and investigation on the 7.16 Explosion of Dalian Oil tankfarm, fires of largescale tanks and leakage of oil and gas pipelines in recent years reveal that the third-party damage is the main reason of leakage of pipelines, in which oil stealing is an important factor. Based on the results, special measures in strengthening safety management in different phases of project approval, design, construction and operation management are proposed.