Union Minister Dharmendra Pradhan said that India is looking to increase its strategic oil storage and an MoU signed between India and UAE during Prime Minister Narendra Modi’s recent visit to middle East countries would prove to be an important step in that direction.

Union Minister said that the bonhomie between PM Modi and the crown Prince of UAE has proved very fruitful for India.

Union Minister said that first time India has invested in Middle East for its energy requirement.