International Energy Agency (IEA) has invited India to become its full-time member. This membership invitation was given in the context that, India is the world’s third-largest energy consumer. If this proposal is accepted, it will require India to increase its strategic oil reserve 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 bolster its cooperation with IEA by becoming its full member.
Important points to remember :
-
International Energy Agency Members: 30 (Eight associate member States).
-
International Energy Agency Full membership: Colombia, Chile, Israel and Lithuania.
-
International Energy Agency Headquarters: Paris, France.