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KBC signs agreement for integration of oil refineries

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Hydrocarbon Engineering,


KBC Advanced Technologies, a subsidiary of Yokogawa Electric Corp, 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.

SINOMEC has decided to upgrade facilities and integrate operations at these six oil refineries, which are located in Guangrao county in Shandong province. KBC will provide consulting services to assist SINOMEC in meeting these objectives.

The consulting services to be offered by KBC are as follows:

  • Conduct an integration study that will identify synergies for maximising yield and profit.
  • Verify a plan to expand and diversify production.

Read the article online at: https://www.hydrocarbonengineering.com/refining/23012018/kbc-signs-agreement-for-integration-of-oil-refineries/

 

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Downstream news Oil refinery news Asia Pacific downstream news