If it was used as a waste oil tank, it more than likely has been purged of any residual propane. As with almost any oil, trace residue can be burned out. Don't be surprised if there is a bunch of rust inside. Waste oil typically has moisture in it and there is a good chance it collected some rain water as well. Collect any free flowing residual oil and dispose of properly. Then you can go a couple directions.
One is simply dump a couple three gallons of mineral spirits in and agitate the heck out of it, rinse and repeat until sludge is gone. If you don't have away to suspend the tank to agitate or are worried about messing with spirits, simply dump a jug of dawn dish soap in, fill wth water and cut open. (Not a great option if you don't have ability to dispose of oily water.). Once you have the tank opened, wipe down residual oil with spirits and then burn it out. Also, see if you can find out how long tank was used as a waste oil vessel. If it was more than 30 years ago, you will want to test for lead and pcb residue. Either way, try to get it as clean as possible before burning, used motor oil burns dirty and produces a lot of soot that is a pia to clean.