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Siemens, Saudi Aramco Sign Corporate Procurement Agreement

Posted on February 9, 2011

Siemens and Saudi Aramco, one of the world’s largest oil companies headquartered in Dhahran, Saudi Arabia, have signed a corporate procurement agreement (CPA). This corporate-level agreement will strengthen the cooperation between the two companies, Siemens said.

In addition, a sub-procurement agreement grants Saudi Aramco improved access to Siemens Oil and Gas Division’s rotating equipment and services, leading to more cost efficiency for both companies due to reduced project times, according to Siemens.

The agreement will allow Saudi Aramco to take advantage of the rotating equipment portfolio of Siemens Oil and Gas Division. For seven years, the CPA will cover low-emissions gas turbines with a capacity of up to 50 MW for a wide range of applications, high-efficiency steam turbines with ratings up to 200 MW and compressors and blowers, Siemens said. Shop and field services and spare parts are also included in the CPA.

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