India signed a deal with the United Arab Emirates (UAE) on Wednesday that allows the Gulf nation to fill half of an underground crude oil storage facility at Mangalore that is part of New Delhi`s strategic reserve system.

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New Delhi announced a series of pacts with the UAE ranging from defence, trade, maritime cooperation to energy after a meeting between Prime Minister Narendra Modi and Abu Dhabi`s Crown Prince Sheikh Mohamed bin Zayed al-Nahyan.

UAE`s Abu Dhabi National Oil Co (ADNOC) will store about 6 million barrels of oil at Mangalore, taking up about half of the site`s capacity, said Sunjay Sudhir, joint secretary for international cooperation at the Indian oil ministry.

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India, hedging against energy security risks as it imports most of its oil needs, is building emergency storage in underground caverns to hold 36.87 million barrels of crude, or about 10 days of its average daily oil demand in 2016.

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