Yokogawa Electric Corporation announces that it 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.
Yokogawa has had a foothold in the Russian market since 1993, when it opened a representative office in Moscow. In 1997, our subsidiary was founded there to launch this business on a full scale. We have been aggressively expanding our business not only in Russia but also in other CIS nations, and have reinforced our customer services by setting up sales offices and establishing technical centers. Some of Rosneft’s refining and petrochemical subsidiaries already utilize automated process control systems supplied by Yokogawa Electric Corporation. Yokogawa control systems are also in use with the Achinsk, Komsomolsk, Kuibyshev, Novokuibyshevsk and Syzran refineries, the Ryazan Oil Refining Company, Angarsk petrochemical company, Angarsk polymer plant and Novokuibyshevsk lubricants and additives plant.