GE and Emirates National Oil Company (ENOC) signed a strategic Memorandum of Understanding (MoU) to collaborate on developing innovative technologies that will strengthen energy conservation at ENOC’s facilities and enhance the performance and efficiency of ENOC’s fuel and lubricants business.
The announcement was made on the sidelines of the Cisco Internet of Things World Forum in Dubai.
Focusing on bringing added value to the business units of ENOC Marketing, including aviation fuel, lubricants and liquefied petroleum gas (LPG) among others, the technology collaboration will draw on the potential of GE’s Industrial Internet solutions to help achieve new levels of productivity and operational efficiency.
The integration of heavy machinery with big data and advanced analytics, Industrial Internet is a game changer that brings transformational growth for businesses. The industrial internet enables GE partners to get connected, gain insights and strengthen asset optimization.
“ENOC is the energy partner of choice for Dubai and has a growing international footprint across the entire energy sector value chain. Through the MoU, we are seeking to work closer with ENOC to promote localized innovation that will enhance the efficiency and productivity of its assets. Our joint work will help us in identifying the right solutions that meet the exact requirements of ENOC through knowledge sharing and co-creation,” said Nabil Habayeb, GE president and CEO for the Middle East, North Africa & Turkey.
“As the UAE marks the ‘Year of Innovation’, our collaboration with GE will enable us to build our research competencies and develop innovative technologies that will add value to our operations, said Zaid Alqufaidi, managing director of ENOC Marketing. “As a key energy provider, we are committed to deploying talent and resources to enhance our services and solutions, and align with the ambitious vision of the Government of Dubai.”