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UAE to store up to 30 mn barrels of crude in India's reserves after PM Modi's visit
short by Ankit Tiwari / on Friday, 15 May, 2026
Pacts on strategic petroleum reserves signed during PM Narendra Modi's visit to the UAE include a potential increase of state-owned Abu Dhabi National Oil Company (ADNOC)'s ​crude oil storage in India for up to 30 million barrels. The deal also explores potential crude storage in the UAE's Fujairah as part of India's strategic reserve, Reuters reported.
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