India and the United Arab Emirates bear agreed to very much deepen their vitality partnership, with the UAE field to store up to 30 million barrels of outrageous oil in India’s Strategic Petroleum Reserve, the Ministry of Exterior Affairs acknowledged on Friday after Top Minister Narendra Modi’s short discuss over with to Abu Dhabi.
The agreement emerged from wide-ranging talks between Top Minister Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan, with both leaders additionally stressing the importance of “safe transit passage and unimpeded navigation in the course of the Strait of Hormuz” amid rising regional tensions.
In an announcement, the MEA acknowledged the 2 leaders “welcomed the conclusion of a Strategic Collaboration Agreement between Indian Strategic Petroleum Reserves Restricted and Abu Dhabi Nationwide Oil Company to increase UAE’s participation in India’s Strategic Petroleum Reserves to 30 million barrels.”
The pass is expected to make stronger India’s vitality security at a time when world outrageous affords live inclined to disruptions in West Asia.
The two countries additionally agreed to work together on organising strategic gasoline reserves in India and welcomed a separate affiliation between Indian Oil Company and ADNOC for lengthy-term LPG affords.
Calling the UAE an “well-known partner in India’s vitality security,” the MEA acknowledged both sides agreed to pursue “unusual initiatives for a comprehensive vitality partnership” covering outrageous oil, LNG and LPG affords.
Previous vitality, the discuss over with additionally seen the announcement of USD 5 billion in UAE investments into India at some stage in banking, infrastructure and finance sectors, alongside unusual agreements in defence, maritime cooperation, shipbuilding and evolved computing.
Top Minister Narendra Modi’s discuss over with to Abu Dhabi came amid rising geopolitical tensions in West Asia and ongoing volatility in world vitality markets. In accordance with the MEA statement, the 2 leaders held detailed discussions all the device through which the Top Minister reaffirmed India’s solid condemnation of the attacks on the UAE and expressed solidarity with the nation’s leadership and of us.
With concerns mounting over probably disruptions to key shipping lanes such because the Strait of Hormuz on account of the regional battle, India and the UAE underlined the importance of regional stability, accumulate replace routes and stronger economic cooperation.
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Printed By:
Nitish Singh
Printed On:
Could perchance 16, 2026 01:59 IST
