Emerson Process Management and LUKOIL Group, one of the world’s largest private oil companies, have signed an agreement to modernize 13 refining and petrochemical facilities in Russia and Eastern Europe, EPM news release said.
Under the agreement, which extends through 2014, Emerson will provide equipment, software, and services as part of LUKOIL’s enterprise-wide strategy to modernize process automation at their oil and gas refineries, petrochemical plants, and related facilities. LUKOIL operations to be upgraded include Stavrolen and Saratovorgsintez in Russia, Neftochim Bourgas in Bulgaria, ZAO Lukor in Ukraine, and Vars in Latvia, as well as additional facilities in Romania; in Ukraine’s Odessa; and in Russia’s Perm, the Volgograd region, and the Komi Republic.
Emerson Process Management, an Emerson business, is a leader in helping businesses automate their production, processing, and distribution in the oil and gas, refining, chemical, pulp and paper, power, water and wastewater treatment, mining and metals, food and beverage, life sciences, and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management, and maintenance services.
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Emerson’s sales in fiscal 2009 were $20.9 billion. The company is ranked 94th on the Fortune 500 list of America’s largest companies.