India and UAE Ink Major Strategic Energy and Petroleum Reserve Accords
The Abu Dhabi National Oil Company (ADNOC) is set to store up to 30 million barrels of crude oil in Indian storage facilities as part of the SPR framework.
Storage sites identified for this cooperation include Visakhapatnam (Andhra Pradesh) and Chandikol (Odisha), with reciprocal arrangements possible in Fujairah (UAE).
These agreements are critical for India's energy security, providing a buffer against global supply disruptions caused by West Asian geopolitical tensions.
Key Facts / Static GK
Strategic Petroleum Reserves are stockpiles of crude oil maintained by governments for emergency situations.
LPG: Liquefied Petroleum Gas.
Practice Quiz — 19 May 2026
Q1. Which specific Article of the Indian Constitution grants Parliament the authority to prescribe the number of judges in the Supreme Court?
Q2. Following the completion of the strategic investment by Emirates NBD, what is the maximum expected shareholding percentage the Dubai-based entity can hold in RBL Bank?
Q3. What is the minimum daily average cumulative AUM threshold required for a market index to be classified as a 'Significant Index' under the new SEBI framework?
Q4. Under the implementation timeline of 'Mission Mausam', in which year is Phase-II expected to conclude?
Q5. How much crude oil is the Abu Dhabi National Oil Company (ADNOC) permitted to store in India under the newly proposed Strategic Petroleum Reserve framework?
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