ADNOC has announced the exchange of two strategic collaboration agreements with leading Indian energy partners, further strengthening the expanding UAE–India energy partnership and reinforcing long-term cooperation in crude oil, LNG, LPG, and strategic energy storage.
The agreements underline ADNOC’s growing engagement with Indian companies across multiple segments of the energy sector, supporting India’s rapidly rising energy demand and broader economic growth ambitions.
Speaking on the development, Dr. Sultan Al Jaber, ADNOC Managing Director and Group CEO, highlighted the strategic importance of India in the global energy landscape.
“India’s scale and growth trajectory make it one of the defining energy markets of our time. As demand accelerates alongside a rapidly expanding population, the strength of the UAE–India energy partnership becomes ever more critical,” Dr. Al Jaber stated.
“These agreements reinforce supply security, deepen our strategic ties, and underscore ADNOC’s role as a dependable and reliable partner in powering India’s long-term economic growth.”
ADNOC Explores Expansion of Strategic Oil Storage in India
Under one of the agreements, ADNOC signed a strategic collaboration arrangement with Indian Strategic Petroleum Reserves Limited (ISPRL) to explore opportunities related to crude oil, LNG, and LPG storage, as well as strategic reserve cooperation.
The agreement includes the potential expansion of ADNOC’s crude oil storage capacity in India to up to 30 million barrels, including existing storage facilities in Mangalore and possible new storage projects in Vishakhapatnam and Chandikol.
Both sides are also exploring the possibility of crude oil storage in Fujairah as part of India’s strategic petroleum reserve framework, alongside additional LNG and LPG storage opportunities aimed at strengthening supply chain resilience amid ongoing global shipping and geopolitical challenges.
ADNOC and Indian Oil Corporation Explore Expanded LPG Cooperation
ADNOC also exchanged a strategic collaboration agreement with Indian Oil Corporation (IOC) to explore expanded LPG supply and trading opportunities, including potential cooperation through ADNOC Global Trading.
The agreement builds on the existing LPG term contract between the two companies, which has been in place since 2023, and supports discussions regarding a potential long-term LPG sale and purchase arrangement.
The collaboration is expected to deepen integration across supply, shipping, and trading activities while reinforcing ADNOC’s position as a reliable energy supplier to India.
UAE–India Energy Partnership Continues to Expand
The latest agreements reflect the growing strategic partnership between the UAE and India, which has expanded significantly in recent years across energy, infrastructure, trade, and investment sectors.
Bilateral economic ties have strengthened further following the implementation of the Comprehensive Economic Partnership Agreement (CEPA) in 2022. Both countries are targeting $200 billion in bilateral trade by 2032.
As one of the world’s fastest-growing major economies and a leading driver of future global energy demand, India remains a strategic priority market for ADNOC and a central pillar of evolving global energy growth trends.
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