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Rosneft and Yokogawa Electric Corporation signed a Strategic Cooperation Agreement

16 June 2014

Igor Sechin, President and Chairman of the Management Board, Rosneft and Shuzo Kaihori, Chairman and Chief Executive Officer, Yokogawa Electric Corporation signed a Strategic Cooperation Agreement 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.

In its turn, Yokogawa guarantees the supply of cutting-edge process control and measurement systems, information technology and instruments as well as the provision of their implementation and further maintenance services.

In addition, under the Strategic Cooperation Agreement Rosneft and Yokogawa will set up technical centers on the basis of the Company’s subsidiaries that will provide technical training, professional development and information support for oil and gas production, refining and petrochemical industries.

Background note:

Some of Rosneft’s refining and petrochemical subsidiaries already operate Yokogawa Electric Corporation automated process control systems. Yokogawa control systems are operated at the Kuibyshev, Syzran Refineries, Novokuibyshevsk Lubricants and Additives Plant, and the Ryazan Oil Refining Company and other plants of the Company.

Rosneft Information Division
Tel.: +7 (499) 517 88 97
www.rosneft.com
June 16, 2014

 

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.