29-01-2015

Bashneft and Yokogawa sign partnership agreement

On January 22 JSOC Bashneft and Yokogawa Electric Corporation signed a Long-Term Partnership Agreement in the area of support of Ufa Refining Complex production facilities with Automatic Process Control Systems (APCS) and Field Instrumentation/Process Control Instruments (FI/PCI). The document was signed by Alexander Korsik, President, JSOC Bashneft and Shuzo Kaihori, Chairman and Chief Executive Officer, Yokogawa Electric Corporation.

The Agreement concerns the broadening of cooperation between the companies in development and supply of APCS systems and FI/PCI equipment; the design, start-up commissioning, and provision of technical support for Yokogawa equipment; and the provision of consulting to Bashneft specialists.

"Bashneft is consistent in its policy for implementation of innovative technologies and support of production facilities with modern automatic process control systems," noted Alexander Korsik, President of Bashneft. "This Agreement is a result of many years of successful cooperation between Ufa refineries and Yokogawa, the company that has significantly contributed to improvement of production efficiency and safety."

"We appreciate our long term successful partnership with Bashneft and would like to emphasize that Yokogawa will fully support Bashneft's sustainable development", noted Mr. Shuzo Kaihori, Chairman and Chief Executive Officer of Yokogawa Electric Corporation. He stated that Yokogawa wishes to jointly address all problems and challenges with Bashneft, and will contribute by providing services and solutions that strengthen safety management, increase availability and improve efficiency at Bashneft's plants.