As per the terms of the corporate procurement agreement (CPA) established between Flowserve and Saudi Aramco, Saudi Aramco plans to make future purchases of Flowserve pumps, valves and value-added services. Flowserve expects to begin booking orders under the CPA later in 2010.
Tom Ferguson, president of Flow Solutions Group, said: “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.”
Under construction on the west coast of Saudi Arabia, YERP will be a 400,000 barrel-per-day, full-conversion refinery being built in Yanbu’ Industrial City, Saudi Arabia. The refinery is designed to process Arabian heavy crude and will produce ultra-low sulfur refined products, including gasoline and diesel fuel. The new refinery is expected to be operational in 2014.
