New Delhi, May 19 (IANS) Prime Minister Narendra Modi’s visit to the United Arab Emirates has assumed major strategic significance as India and the Gulf nation signed key energy agreements at a time of rising geopolitical tensions and volatile oil markets triggered by the US-Israel conflict with Iran.The UAE visit marked the first leg of PM Modi’s five-nation tour, which will also take him to the Netherlands, Sweden, Norway and Italy.Analysts said the timing of the visit reflected India’s …
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New Delhi, May 15 (IANS) Prime Minister Narendra Modi on Friday said that the agreements signed between India and the United Arab Emirates would add “further vigour” to bilateral ties, after the two countries inked seven major agreements spanning energy, defence, technology, infrastructure and investments during his brief stopover in the Gulf nation.Sharing his remarks on social media platform X, PM Modi described the outcomes of the visit as “substantive” and said they would strengthen …
Abu Dhabi, May 15 (IANS) Prime Minister Narendra Modi and UAE President Sheikh Mohammed bin Zayed Al Nahyan on Friday agreed to launch new initiatives to promote a comprehensive energy partnership. In this context, they welcomed the conclusion of a Strategic Collaboration Agreement between Indian Strategic Petroleum Reserves Limited and Abu Dhabi National Oil Company to enhance the UAE’s participation in India’s Strategic Petroleum Reserves to 30 million barrels, and to work together to s…
New Delhi, Feb 9 (IANS) Foreign Secretary Vikram Misri said on Monday that India’s energy sourcing decisions are guided by national interest, with an emphasis on diversification and competitive pricing. These remarks responded to reports suggesting that India may reduce Russian oil imports after announcing an interim trade agreement with the United States. In response to questions regarding Russian crude, the Foreign Secretary emphasised that, as a developing economy and significant net import…