Thats not going to happen, news is probably a hoax just imagine they produce oil in UAE and spend huge money to transport it to India and then give 67% of oil as a rent or free, rest 33% left no value because the same amount used to bring the crude oil to India because oil tankers burn expensive diesel + labor cost.
Now tell me they did't have any place in vast deserts to store their oil inside their own country ? why they first produce oil by spending huge amount and then give it to free by spending again huge amount.