April 3, 2010 (FinancialWire) — Telvent (NASDAQ: TLVT) said an upgrade and extension of information systems of the Qing-Tie Oil Pipeline (Daqing-Tieling) project managed by PetroChina company Ltd.. The total value of this two-year contract is over € 3.7 million.

Telvent will upgrade critical Qing-Tie Pipeline infrastructure and nine existing control stations. As well, Telvent will control a new parallel pipeline system extension that is 216 Km long with three pump stations.

This pipeline is used to transport imported Russian crude oil to the PetroChina Group's refineries in northeastern China. Benefits include further increases in transportation volume capability, such as moving Russia and Daqing crude oil simultaneously. This project helps PetroChina securely respond to the unprecedented oil consumption growth in the country. As China's growth continues, rail routes are the only way to provide Russian crude oil to East Asia.

Telvent systems expertise and state-of-the-art OASyS supervisory control and data acquisition system will keep Qing-Tie pipeline running safely, steadily and efficiently. Centralized monitoring is located in the Shenyang Control center in North East China.

The Daqing-Tieling contract allows a stable presence in PetroChina and provides good opportunity for further development of projects in oil pipeline field, and strengthens the relationship between Telvent and our customer, PetroChina.

Telvent is a global IT solutions and business information services provider dedicated to helping improve efficiency and reliability of the world's leading companies. Telvent serves markets that are critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors.

(For more Chinese company related articles go to http://www.financialwire.net/?s=chnchn)

(For more “new deals” articles go to http://www.financialwire.net/?s=nwdlsldw)

(For more oil, gas & consumable fuels industry articles go to http://www.financialwire.net/?s=olgssglo)

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[chnchn] [nwdlsldw] [olgssglo]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.