This review summarized the VOCs generation and emission mechanisms, emission characteristics, as well as the progress in VOCs reduction, recovery and thermal oxidation technologies for the petrochemical storage tanks. It proposes opinions and suggestions, aiming to contribute to the deep reduction of VOCs emissions from petrochemical storage tanks in China. Besides the gas generation from the large and small breathing of storage tanks, there are also gas generation phenomena such as high temperature heavy oil thermal cracking. When calculating the combustible gas concentration in tank emissions, components such as hydrogen sulfide, methane, hydrogen and ammonia should not be overlooked. The current VOCs control for storage tanks in China and the United States mainly focuses on source reduction through the use of floating roof tanks, with process control during tank operation and end-of-pipe treatment as supplementary measures. However, it is difficult to meet increasingly strict environmental requirements. It is suggested that China should revise the current standards in a timely manner. According to calculations, the VOCs emissions from organic liquid storage tanks in China in 2019 were estimated to be approximately 392000t to 904000t, mainly from petrochemical enterprises. It is recommended to prioritize control emissions from intermediate product tanks such as crude diesel, crude gasoline, crude aviation kerosene, wax oil, fuel oil, and residual oil, together with tanks containing benzene, toluene, xylene, methanol, and other substances. It is proposed that China should carry out deep reduction of VOCs emissions from petrochemical storage tanks, including source reduction, process control and end-of-pipe treatment. The internal floating roof tanks with built-in gas bag could become another important source reduction technology following floating roofs. It is also emphasized that compared to absorption and condensation, low-temperature diesel absorption have advantages in treating exhaust gases from tanks with high sulfur content, such as crude gasoline, crude diesel, and high-temperature heavy oil. Furthermore, it is noted that overall VOCs control for external emissions from petrochemical storage tanks in China is transitioning from recovery to combined recovery and thermal oxidation (catalytic oxidation, regenerative thermal oxidation, incinerators, process heating furnaces, boilers). The control target for non-methane total hydrocarbons at the outlet of thermal oxidation units is set to be less than 20mg/m3.