India and ADNOC Boost Strategic Oil Reserves to 30M Barrels on May 15

According to Jin10, on May 15, India and the Abu Dhabi National Oil Company (ADNOC) agreed to expand strategic crude oil and natural gas reserves. ADNOC said it would consider significantly increasing its crude oil storage in India to 30 million barrels, with the two countries also planning to establish strategic gas reserves and explore additional storage facilities. The preliminary agreement was announced during Prime Minister Narendra Modi's brief stopover in Abu Dhabi.
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