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UAE to store 30 million barrels in India’s Strategic Petroleum Reserve after Modi visit
India
Published on 16 May 2026
UAE will quietly stockpile 30 million barrels at home
After Prime Minister Narendra Modi’s visit, India and the UAE struck a slate of deals announced by Foreign Secretary Vikram Misri in Abu Dhabi. The biggest energy move: the UAE will store up to 30 million barrels of crude oil in India’s Strategic Petroleum Reserve to bolster energy security. Alongside, UAE-linked investments worth $5 billion were committed, spanning banking and infrastructure funding. The agreements also cover strategic gas reserves, defense manufacturing cooperation, shipyard projects, and an 8-exaflop supercomputing facility for India’s AI push.
- UAE will store up to 30 million barrels in India’s SPR
- Energy agreements also include strategic gas reserves and long-term LPG supply
- New investment commitments total USD 5 billion
- Emirates NBD, ADIA, and IHC backed deals in Indian financial and infrastructure areas
- Defense cooperation includes a framework for manufacturing, technology and equipment
- An 8-exaflop supercomputing term sheet supports India’s AI infrastructure
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic