October 2, 2026: UAE-based energy technology company AIQ, a joint venture (JV) between Abu Dhabi National Oil Company (ADNOC) and AI technology company Presight, has signed an agreement to enter India’s oil and gas sector, marking another step in the ADNOC-backed company’s expansion of artificial intelligence (AI) solutions beyond its home market, Reuters reported.

Under the agreement, AIQ will deploy its technology across the refineries, gas stations, and digital stores of an Indian oil and gas conglomerate, according to AIQ CEO Dennis Jol. However, the customer was not identified.

The agreement gives AIQ access to India’s large and expanding downstream energy market as the company seeks to increase the contribution of international customers to its business.

AIQ began exporting its technology around 12 to 15 months ago and currently operates in North America, Kazakhstan, Egypt, Colombia, Malaysia, Vietnam, and Kuwait, Jol said. However, the company still generates most of its revenue from ADNOC, while customers outside its core business account for about 5% of its business.

The company develops AI and machine-learning technologies designed to improve profitability and operational efficiency across the energy value chain.

(Source: Egypt Oil and Gas)