ADNOC-Backed AIQ Enters India Energy
UAE-based AIQ has signed an agreement to deploy its technology across Indian oil and gas facilities. The expansion marks a major step in the company's international growth strategy.
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AIQ, a joint venture backed by the United Arab Emirates, signed an agreement to enter India's oil and gas sector, expanding its international footprint on Wednesday afternoon. The artificial intelligence firm is targeting overseas growth as its home market continues to account for 95% of total revenue. Chief Executive Officer Dennis Jol said the expansion will deploy proprietary technology across refineries and gas stations operated by an undisclosed Indian conglomerate.
