agreed to store crude oil in India’s strategic storage facility at Manglore.

♤ In 2018 consortium of Indian oil companies led by ONGC videsh ltd. signed an agreement for 10% stake in one of Abu Dhabi’s offshore Lower Zakum Concession.

♤ This is the first Indian Investment in upstream oil sector of UAE, transforming the traditional buyer-seller relationship to a long-term investor relationship.