What specific storage capacity expansions did India and the UAE agree to for crude oil and strategic gas reserves?

India and the UAE agreed that Abu Dhabi National Oil Co. (Adnoc) will explore increasing its crude oil storage in India to 30 million barrels — a multifold increase from its current leased capacity of about 5.9 million barrels at Mangalore — and will also work together to set up strategic gas reserves in India; additionally, they may develop oil storage infrastructure in the UAE’s Fujairah port, located outside the Strait of Hormuz.

Why is the Fujairah port strategically important for both India and the UAE in this agreement?

Fujairah port is strategically important because it lies outside the Strait of Hormuz, offering an alternative export route amid the near-closure of Hormuz due to the Iran war — which has severely disrupted Middle Eastern oil flows; the UAE is building a new pipeline to Fujairah to double overseas oil exports from there by next year, while India gains access to secure, geopolitically resilient storage and supply infrastructure beyond the volatile Persian Gulf waterways.

Modi Agrees with UAE to Build Strategic Crude, Gas Stockpiles

2026-05-15

2026-05-20

ADNOC Deepens Cooperation with Indian Energy Enterprises

2026-05-23

LNG Tanker Exits Hormuz for India for First Time Since War Began

2026-05-25

India’s Finance Minister Defends Modi’s Plan to Push Austerity

2026-07-04

Modi’s Biofuel Push Comes Under Pressure as Motorists Protest

Modi Agrees with UAE to Build Strategic Crude, Gas Stockpiles

FAQ