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ISPRL seeks private firms to build 2.5 mn tonnes petroleum reserve at Padur
In 2021, India overhauled its policy to allow part of SPRs to be used commercially, mirroring a model adopted by countries such as Japan and South Korea that allows private lessees, mostly oil majors
About 60 blocks to be auctioned in second round of petro bids
Govt eyes start-ups and small national and international companies for bids
