PM Modi’s UAE visit: How India will benefit from agreements on strategic petroleum reserves, LPG - explained

India’s energy security received a major boost on Friday when two important Memorandum of Understanding (MOUs) were signed during PM Narendra Modi’s visit to the UAE on Friday. India imports close to 90% of its crude requirements, making the country vulnerable to geopolitical disruptions, shipping bottlenecks, sanctions, and price volatility.

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