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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
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