ITT, Saudi Aramco sign corporate procurement agreement

Offshore staff

DHAHRAN, Saudi Arabia – Saudi Aramco and ITT have announced that they have signed a comprehensive seven-year strategic partnership agreement for ITT to provide products and services to the world’s largest oil producer for oil, gas and petrochemical projects in Saudi Arabia and internationally.

Under the agreement, ITT and its partner Aswad Group will provide products — including Goulds pumps, BIW well-head connectors, ProSmart predictive condition monitoring systems and PumpSmart advanced pump controls — and services through ITT Saudi Co. Ltd.

ITT Saudi will provide professional expertise to support start up and commissioning of all types of pumping systems. ITT Saudi will also provide expert aftermarket services to support Saudi Aramco’s operations through ITT PRO Services and Plant Performance Services programs, which are designed to help customers lower total cost of ownership, minimize downtime and increase equipment reliability.

The agreement also covers several strategic initiatives, including a program whereby ITT will support the Kingdom of Saudi Arabia’s Saudization efforts to enhance local industrial manufacturing capability, develop local supply chains and improve overall plant performance for Saudi customers.

06/28/2011



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