India and ADNOC Expand Strategic Oil Reserves to 30 Million Barrels on May 15

GateNews

According to Jin10, India and the Abu Dhabi National Oil Company (ADNOC) announced on May 15 a strategic partnership to expand crude oil and natural gas reserves. ADNOC plans to significantly increase its oil storage capacity in India to 30 million barrels, while the two countries will also collaborate on establishing strategic natural gas reserves in India. The preliminary agreement was announced during Indian Prime Minister Modi’s brief stop in Abu Dhabi.

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