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FINANCIAL NEWS
Aramco, Siemen ink CPA
10 Feb 2011
(MENAFN) CEO of the Siemens Oil and Gas Division, Tom Blades, said that the company signed with Saudi Aramco a corporate procurement agreement (CPA) that aims to boost cooperation between the two companies, reported Saudi Gazette.
The CEO said that another sub-procurement agreement was signed which would make the company share its rotating services and equipment with aramco on a wider level in a cost efficient manner.
Aramko would benefit for a whole period of seven years from Siemens rotating equipment portfolio. CPA will cover low-emissions gas turbines with a capacity of up to 50 megawatts (MW) for a wide range of applications, high-efficiency steam turbines with ratings up to 200 MW, and compressors and blowers.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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