June 16, 2026
India and UAE have entered into mutually beneficial energy-related agreements amid prevailing geopolitical tensions in West Asia. Accordingly, UAE can store up to 30 million barrels of crude oil in India’s Strategic Petroleum Reserve, providing a significant boost to India’s energy security. The development resulted from discussions between India’s Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan during Modi’s visit to UAE in May. The meeting also led to developments associated with gas supplies. India’s Strategic Petroleum Reserve stores crude oil that can be used during emergencies and disruptions.
