Honeywell to Upgrade Two Oil Refineries of Turkey's Tupras

US diversified technology and manufacturing group Honeywell said it has agreed to upgrade controls at two refineries run by Turkish oil refiner Tupras [BIST:TUPRS] as part of a five-year service, maintenance and support contract for the two faicilities.

The upgrade will improve the performance of the two refineries and reduce maintenance costs for the Honeywell control systems at the refineries by 15 to 20%, Honeywell said in a statement on Tuesday.

Under the agreement, Honeywell will upgrade existing systems at the Aliaga refinery in the western Turkish province of Izmir and provide maintenance, support and parts management for the Honeywell equipment at that facility and at the company's refinery in the southeastern Turkish city of Batman. Honeywell will provide round-the-clock support and a resident engineer to provide quicker response times, adding to overall savings on maintenance, it said in the statement.

The agreement runs through 2018.

In 2013, Honeywell updated one of the largest control systems at the Aliaga refinery.

Source: SeeNews