KUALA LUMPUR, September 7 – PETRONAS, the Malaysian multinational petroleum corporation, has entered into a Memorandum of Understanding (MoU) with AIQ, a pioneering technology company based in Abu Dhabi. The collaboration aims to combine their expertise in Artificial Intelligence (AI) to accelerate the energy transition and promote sustainability within energy operations. AIQ specializes in harnessing the potential of artificial intelligence to drive transformations in the industrial sector. The MoU was officially signed by Dr. Sambasivam Rajamani, Head of Data Science at PETRONAS, and Saravan Kumar Penubarthi, Chief Technology Officer at AIQ.
The signing ceremony was witnessed by Aadrin Azly, Vice President of Group Technology and Commercialisation at PETRONAS, and Dr. Ahmed Salem, Senior Vice President of Commercial and Business Development at AIQ. This collaboration will involve the exchange of knowledge, joint product development, and the creation of value through digital innovation. Both PETRONAS and AIQ plan to pilot and test AI solutions to identify viable applications and use cases across various business verticals in the global energy sector.
The partnership also aims to establish best practices and frameworks for AI and Advanced Analytics to ensure operational excellence throughout their joint ventures. Aadrin Azly, Vice President of PETRONAS Group Technology and Commercialisation, expressed enthusiasm for the partnership, stating, “We look forward to partnering with AIQ to co-create and leverage each other’s capabilities as we continue to transform our operations, enrich the skills of our employees and boost organisational productivity and effectiveness with AI. It is aligned to what we want to achieve through our AI Centre of Excellence (AI CoE).”
Omar Al Marzooqi, CEO of AIQ, emphasized the significance of collaboration in the energy sector’s digital transformation for a more sustainable future, “AIQ is proud to form strategic partnerships with key industry leaders such as PETRONAS, which both accelerates the digital transformation of the Energy sector and steers it towards progressing to a more sustainable future. The challenges and perplexities of climate change call for smart and efficient solutions for the industry, and such collaborations ensure that world-class, efficient digital solutions are available for all industry players to benefit from.”
In addition to their work on AI solutions, PETRONAS and AIQ have plans to develop initiatives to enhance the skills of their workforce, aligning with their commitment to continuous learning and development.
