India has signed an MoU on Strategic Petroleum Reserves in 2026 with which country?

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The correct answer is Option D: United Arab Emirates. India and the United Arab Emirates signed an MoU on 15 May 2026 for cooperation in strategic petroleum reserves and increased LPG supply to India. The agreements were signed during PM Narendra Modi’s visit to Abu Dhabi, where he held talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan. UAE is India’s largest supplier of Liquefied Petroleum Gas (LPG), meeting around 40% of India’s LPG demand. UAE is also India’s fourth-largest source of crude oil with about 11% share in India’s crude oil imports. India and UAE had earlier collaborated in 2018 on strategic petroleum reserves at the Mangaluru facility in Karnataka. Indian Strategic Petroleum Reserves Limited (ISPRL) manages India’s strategic crude oil storage under the Ministry of Petroleum and Natural Gas. UAE announced investments worth USD 5 billion in Indian infrastructure projects, RBL Bank, and Samman Capital. India signed a USD 3 billion LNG purchase agreement with the UAE in January 2026. India is the UAE’s largest LNG customer under long-term supply contracts of about 4.5 million metric tonnes per annum.

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Saudi Arabia

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Iran

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Kuwait

India has signed an MoU on Strategic Petroleum Reserves in 2026 with which country?

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