Flowserve Corporation has announced it has received final approval from Saudi Aramco on a master purchase agreement to supply pumps, valves and services for the Yanbu’ Export Refinery Project (YERP).
Saudi Aramco plans to make significant future purchases of Flowserve pumps, valves and value-added services. Flowserve expects to begin booking orders under the CPA later in 2010. Flowserve cited its Kingdom of Saudi Arabia manufacturing facility, strong aftermarket support capabilities, broad product portfolio, technology leadership, and long-standing partnership with Saudi Aramco as its key reasons for winning this 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, Flow Solutions Group.
Under construction on the west coast of Saudi Arabia, YERP will be a 400,000 bpd, full-conversion refinery being built in Yanbu’ Industrial City, Saudi Arabia. The refinery is designed to process Arabian heavy crude and will produce high-quality, ultra-low sulfur refined products, including gasoline and diesel fuel. The new refinery is expected to be operational in 2014.