UAE did a big game! Now India will get safe and cheap oil, the threat of Hormuz is over.

New Delhi: A positive news has emerged for India’s energy needs. The United Arab Emirates (UAE) is now taking steps towards increasing its oil exports, which can directly benefit India. The special thing is that now oil can be easily supplied through the Fujairah route instead of the Strait of Hormuz, which is considered safer and faster.

Opportunities increased after separation from OPEC

After UAE came out of OPEC, it is now free from production limitations. Earlier he had to extract oil within the prescribed limit, but now he can increase production as per his full capacity. It is believed that UAE can produce millions of barrels of additional oil per day, which will increase the supply in the global market.

Why is it important for India

India fulfills a major part of its needs through import of crude oil. In such a situation, getting more oil from UAE is a relief for India. This can improve the availability of petrol, diesel and other fuels. Besides, there is a possibility of positive impact on prices also.

Fujairah pipeline becomes a big force

Fujairah Pipeline has an important role in this entire change. This pipeline directly connects Abu Dhabi’s oil fields to Fujairah Port. Its specialty is that it completely bypasses the Strait of Hormuz, which is often the center of global tension and risk. Through this route, the oil reaches the open sea directly, making the supply safer and faster.

Safe and reliable supply

Today Fujairah has become a major oil hub, where modern facilities for storage and export are available. Since it is outside the sensitive part of the Gulf region, there is less possibility of interruption in supply from here. It is becoming a reliable option for countries like India.

India-UAE relations will strengthen

India and UAE already have strong trade and strategic relations. This cooperation can increase further in the energy sector. Due to more oil supply and better route, the partnership between the two countries is expected to get new strength.

This change is important not only for the present time but also for the future. This step of UAE shows that it is formulating its policy keeping in mind the needs of fast growing economies, especially India. With this, India’s energy security can become even stronger in the future.