International Energy Agency (IEA) has invited India to become its full-time member. This membership invitation was given in the light that, India is the world’s third-largest energy consumer. If this proposal is accepted, it will require India to increase its strategic oil reserved to 90 days requirement.
Oil Minister Hardeep Singh Puri held discussions with IEA Executive Director Fatih Birol. During the discussion, IEA executive director invited India to deepen its cooperation with IEA by becoming its full member.
Important takeaways for all competitive exams:
- International Energy Agency Members: 30 (eight associate nations);
- International Energy Agency Full membership: Colombia, Chile, Israel and Lithuania;
- International Energy Agency Headquarters: Paris, France.