India aims for first strategic petroleum reserve with a private company by 2029-30
India is aiming to establish its first privately managed strategic petroleum reserve (SPR) by 2029-30, allowing the operator to trade all stored oil, according to the chief executive of Indian Strategic Petroleum Reserves Ltd (ISPRL). This move mirrors models adopted by countries like Japan and South Korea, where private lessees, often oil majors, are permitted to trade the crude.
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