Bahra University - Shimla Hills

India UAE Relations

India, UAE Sign Landmark 30-Million Barrel Strategic Oil Deal; Abu Dhabi Pledges $5 Billion Investment Pipeline

India, UAE Sign Landmark 30-Million Barrel Strategic Oil Deal; Abu Dhabi Pledges $5 Billion Investment Pipeline

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May 16, 2026

India and the UAE have finalized a landmark agreement to expand the Gulf nation's strategic crude oil storage in India to 30 million barrels alongside a $5 billion investment pipeline. The developments were cemented during Prime Minister Narendra Modi’s high-profile visit to Abu Dhabi amid escalating security concerns in West