India Invites Foreign Firms To Invest In Its Strategic Petroleum Reserves

India, the world’s third-largest oil importer, is inviting foreign energy companies to invest in its projects to expand its strategic petroleum reserve capabilities, Indian Oil Minister Dharmendra Pradhan said on Monday. “I invite global energy players to come and invest in this project,” Pradhan said, as carried by Reuters, at the virtual ADIPEC industry conference, referring to India’s ongoing construction of additional commercial and strategic petroleum storage.    Earlier this year, India used the ultra-low…