Russia’s Rosneft inks cooperation deal with Yokogawa Electric

Business & Economy

June 16, 2014, 13:16 UTC+3 MOSCOW

Rosneft also signed a memorandum of understanding with Mozambique’s Empresa Nacional Hidrocarbonetos

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MOSCOW, June 16. /ITAR-TASS/. Russian state-owned oil giant Rosneft has signed cooperation agreements with PetroVietnam Oil Corporation, Japan’s Yokogawa Electric and Mozambique’s Empresa Nacional Hidrocarbonetos on Monday during the 21st World Petroleum Congress in Moscow.

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Under the memorandum signed with PietroVietnam Oil Corporation and Russian state-owned oil company Zarubezhneft, the companies will consider cooperation in the exploration of blocks 125 and 126 in the Fukhan field on the Vietnamese shelf.

Rosneft signed a strategic cooperation agreement with Japan’s engineering company Yokogawa Electric Corporation under which 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.

Rosneft also signed a memorandum of understanding with Mozambique’s Empresa Nacional Hidrocarbonetos, under which the firms will look into areas of mutual interest and cooperation, including joint bidding in upcoming.

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