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