Stories
ADNOC-backed AIQ Enters Indian Energy Market with Major Deal
M
Moneycontrol•30-09-2026, 21:28
ADNOC-backed AIQ Enters Indian Energy Market with Major Deal
- •AIQ, a UAE-based energy technology company backed by ADNOC, has secured an agreement to enter India's oil and gas sector.
- •The company will deploy its AI and machine learning technology across an unnamed Indian oil and gas conglomerate's refineries, fuel stations, and digital stores.
- •AIQ, a joint venture between Abu Dhabi National Oil Company (ADNOC) and Presight, helps energy companies improve profitability.
- •AIQ has been exporting its technology for 12-15 months and operates in North America, Kazakhstan, Egypt, Colombia, Malaysia, Vietnam, and Kuwait, with ADNOC still accounting for most of its revenue.
- •The company is open to acquisitions as part of its expansion strategy and partners with Microsoft, Nvidia, Amazon Web Services, SLB, and Baker Hughes.
Key Questions Answered
AIQ has signed an agreement to deploy its artificial intelligence and machine learning technology across the refineries, fuel stations, and digital stores of an unnamed Indian oil and gas conglomerate.
AIQ is a joint venture between the Abu Dhabi National Oil Company (ADNOC) and Presight. Its major technology partners include Microsoft, Nvidia, Amazon Web Services, and US oilfield services firms SLB and Baker Hughes.
AIQ is open to making acquisitions as part of its expansion strategy, with Chief Executive Officer Dennis Jol noting that the company sits on a significant amount of cash to deploy capital.
