India and UAE deepen energy ties with proposed strategic oil storage deal
Nov 15 – India and the United Arab Emirates are considering a new energy security arrangement that would allow New Delhi to store part of its strategic oil reserves in…
India and the United Arab Emirates are exploring a strategic partnership to enhance energy security, which includes the potential storage of India's strategic oil reserves in the UAE's Fujairah port and expanded access to Indian storage facilities. This proposal, revealed during a 2026 visit, builds upon a long-standing energy collaboration that has evolved from crude oil trade to joint ventures in production, reserves, and gas contracts.
ADNOC could potentially store up to 30 million barrels of crude oil in India under this arrangement, while India considers storing part of its emergency oil stocks in Fujairah, a critical export hub outside the Strait of Hormuz. The partnership, which began in May 2018 with the delivery of two million barrels of Abu Dhabi crude to India's Mangalore storage facility, has since expanded to include joint investments, joint LNG and LPG supply agreements, and long-term contracts for both gases.
The proposed storage deal aims to provide India with alternative export routes, improved access to UAE oil reserves, and enhanced energy security, particularly in light of recent tensions in the Gulf region.
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