India and UAE Strengthen Strategic Partnership with Five Key Agreements
| Category | Details |
|---|---|
| Key Agreements | - Total Agreements Signed: 5 - Areas Covered: Nuclear Energy, Fossil Fuels, Food Security |
| Nuclear Cooperation | - Agreement: MoU on Barakah Nuclear Power Plant Operations and Maintenance - Parties: Emirates Nuclear Energy Company & Nuclear Power Corporation of India Limited - Focus: Operations, Maintenance, Sourcing, Investments, Capacity Building |
| Energy Security | - LNG Supply Agreement: Between ADNOC & IOCL, 1 MMTPA - Previous Agreements: IOCL (1.2 MMTPA), GAIL (0.5 MMTPA) - Strategic Petroleum Reserves: MoU between ADNOC & ISPRL for crude storage in Mangalore Cavern |
| Oil Exploration | - Agreement: Production Concession Agreement for Abu Dhabi Onshore Block 1 - Parties: IOCL-BPRL Joint Venture (Urja Bharat) & ADNOC |
| Food Security | - Agreement: MoU on Food Parks Development - Parties: Gujarat Government & ADQ - Sites: Gundanpara, Bavla, Ahmedabad - Start Date: 2025 |
| Economic Ties | - Recent Agreements: Comprehensive Economic Partnership (Feb 2022), Local Currency Settlement System (July 2023) - IMEC Initiatives: Soft launch of India-UAE Virtual Trade Corridor, MAITRI interface in Mumbai |