Bashneft and Yokogawa Sign Partnership Agreement

JSOC Bashneft and Yokogawa Electric Corporation have signed a Long-Term Partnership Agreement on supplying production facilities of the refining complex in Ufa with Automatic Process Control Systems (APCS) and Instrumentation and Control Equipment (I&C). The document was signed by Alexander Korsik, President of JSOC Bashneft, and Shuzo Kaihori, Chairman and Chief Executive Officer of Yokogawa Electric Corporation.

The Agreement provides for greater cooperation between the companies in development, manufacturing and supply of APCS and I&C equipment; designing, testing, adjusting and commissioning, and provision of technical support for Yokogawa equipment during its operation; and advising Bashneft’s specialists.

‘Bashneft pursues a consistent policy aimed at introducing innovative technologies and providing production facilities with modern automatic process control systems,’ commented Alexander Korsik, President of Bashneft. ‘This Agreement is a result of a long-standing successful cooperation between the Ufa refineries and Yokogawa, which has been a significant factor in improving the performance and safety of production facilities.’

‘We appreciate our long-standing partnership with Bashneft, and Yokogawa is willing to make every effort to support Bashneft’s sustainable development,’ stated Mr. Shuzo Kaihori, Chairman and Chief Executive Officer of Yokogawa Electric Corporation. ‘Yokogawa wishes to address all problems and challenges jointly with Bashneft, and will contribute by providing services and solutions that will help enhance safety management, increase availability and improve the performance of Bashneft’s refineries.’