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Strategic Petroleum Reserves: Commercial-Cum Strategic Facility

  • Published
    24th Nov, 2021

What are Strategic Petroleum reserves? Discuss why such reserves are important for India. (150 Words)

Approach:

  • Introduce by highlighting the fact that our economy is very much dependent on imported petroleum and therefore energy security is a challenge for India
  • Explain what are Strategic Petroleum reserves
  • Discuss in detail the significance of the reserves
  • Enumerate some recent advances made in this direction
  • Conclusion
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