Saudi Aramco plans to make significant future purchases of Flowserve pumps, valves and value-added services. Flowserve expects to begin booking orders under the corporate procurement agreement later this year.
Flowserve said that its Saudi Arabian manufacturing facility, strong aftermarket support capabilities, broad product portfolio and long-standing partnership with Saudi Aramco were all key reasons for securing the agreement.
“We are pleased to expand our relationship with Saudi Aramco for the important YERP project, which will help meet expanding global energy demand by increasing refining capacity in the Middle East,” said Tom Ferguson, president, of the Flowserve Flow Solutions Group. “Flowserve has made significant investments in the Kingdom of Saudi Arabia, including service, repair and manufacturing facilities to support the oil and gas industry, and to help ensure premium service can be provided in-country.”