India and United Arab Emirates deepen energy partnership on 16 May 2026

Key facts

• Indian Strategic Petroleum Reserves Limited (ISPRL) and Abu Dhabi National Oil Company (ADNOC) signed a Strategic Collaboration Agreement to store up to 30 million barrels of crude oil in India's Strategic Petroleum Reserve.
• Indian Oil Corporation (IOC) and ADNOC entered into a separate arrangement for long-term Liquefied Petroleum Gas (LPG) supplies.
• India and the United Arab Emirates (UAE) agreed to establish strategic gas reserves in India and pursue a comprehensive energy partnership covering crude oil, Liquefied Natural Gas (LNG), and LPG.
• The UAE announced investments totaling USD 5 billion into India across the banking, infrastructure, and finance sectors.
• New agreements were reached in advanced computing, shipbuilding, defence, and maritime cooperation, with both nations emphasizing unimpeded navigation through the Strait of Hormuz.