India's Strategic Crude Reserves to Increase by 70% with UAE Deal

India's crude oil security is set for a significant boost as the UAE's ADNOC agrees to increase crude storage to 30 million barrels, adding over four million tonnes to India's existing strategic reserves.

15 May, 22:04 — 15 May, 22:04

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Times of IndiaMostly Factual102d ago

Abu Dhabi to ramp up crude storage, India’s reserve may go up 70%

India's crude oil security is set for a significant boost as the UAE's ADNOC agrees to increase crude storage to 30 million barrels. This move will add over four million tonnes to India's existing strategic reserves, enhancing energy supply stability amidst regional conflicts. Agreements also explore LNG and LPG storage, strengthening India-UAE energy ties.

By ATUL MATHUR

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India's Strategic Crude Reserves to Increase by 70% with UAE Deal

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Abu Dhabi to ramp up crude storage, India’s reserve may go up 70%

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