Bashneft and Yokogawa Sign Partnership Agreement

On the 22nd January 2015, JSOC Bashneft and Yokogawa Electric Corporation (the Netherlands) signed a long-term partnership agreement in the area of support of Ufa Refining Complex production facilities with automatic process control systems and field  instrumentation/process control instruments.

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 co-operation between the companies in development and supply of control systems and instrumentation 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 co-operation between Ufa refineries and Yokogawa,  the  company  that  has  significantly  contributed  to  the improvement  of production efficiency and safety."

"We appreciate our long-term successful partnership with Bashneft and would like to emphasise 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.