Fuel for Thought
KBC Signs Consultancy Agreement for Integration of Oil Refineries in China’s Shandong Province
Feb 05 2018 Read 892 Times
Yokogawa Electric Corporation has announced that its subsidiary, KBC Advanced Technologies, has signed a consultancy agreement with China Energy Engineering North Co., Ltd. for the integration of operations at six oil refineries in China’s Shandong Province. These refineries are being acquired and will be operated by China State Energy Engineering Corp. Ltd. (SINOMEC), a state-owned company, and China Energy Engineering North Co., Ltd., a SINOMEC group company.
There are many small-scale oil refineries in Shandong Province. To improve efficiency and better meet market needs, SINOMEC has decided to upgrade facilities and integrate operations at these six oil refineries, which are located in Guangrao County. KBC will provide consulting services to assist SINOMEC in meeting these objectives.
The consulting services offered by KBC will include conducting an integration study that will identify synergies for maximiing yield and profit and verifying a plan to expand and diversify production.
KBC provides software and consultancy services that help to improve efficiency and profitability in the oil and gas upstream (exploration and production) and downstream (refining) sectors. The company’s services are held in high regard by customers around the world.
The decision to award KBC this contract took into consideration the company’s detailed knowledge of the oil industry and Yokogawa’s solid track record in China. Through its introduction of highly reliable control systems, products, and other advanced solutions, Yokogawa will help this customer achieve profitability, ensure safety, and protect the environment.
Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.
In This Edition Fuel for Thought - New Partnership for the US Distributio - Element opens new oil and gas laboratory in Singapore - Metrohm Acquires B&W Tek Analytical Instrumentation...
View all digital editions
Oct 20 2018 Houston, USA
Oct 21 2018 Houston, Tx, USA
Oct 22 2018 Amsterdam, Netherlands
Oct 23 2018 Kiev, Ukraine
Oct 24 2018 Toronto, Canada