India, UAE move to expand strategic crude reserves; Abu Dhabi-linked oil storage may rise to 30 mln barrel
- Posted on June 10, 2026
- By Business News Today
- 0 Views
- 1 min read
India, UAE move to expand strategic crude reserves; Abu Dhabi-linked oil storage may rise to 30 mln barrel
India and the UAE are boosting energy security. Plans are underway to significantly expand India's strategic oil reserves with UAE-linked crude storage. New facilities will increase capacity from 5.8 million barrels to 30 million barrels. Both nations are also establishing a framework for strategic gas reserves. This initiative aims to provide greater flexibility and ensure stable energy supplies for India.
