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Yokogawa Concludes Strategic Partnership Agreement with Rosneft

Source: www.gulfoilandgas.com 6/18/2014, Location: Asia

Yokogawa Electric Corporation has concluded a strategic partnership agreement with Rosneft. The agreement was signed on June 16 at the 21st World Petroleum Congress.

Under this agreement, Rosneft will on a tender basis consider Yokogawa as a vendor of automated process control systems for the Company’s subsidiaries.

Under this strategic partnership agreement, Yokogawa will guarantee the supply of cutting-edge process control and measurement systems, information technology, and instruments as well as the provision of implementation and maintenance services.

In addition, the two companies will set up technical centers for the provision of training, professional development, and information support services to the oil and gas production, refining, and petrochemical industries.

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