Flowserve has received the final approval from Saudi Aramco on a master purchase agreement to supply pumps, valves and services for the Yanbu’ Export Refinery Project (YERP). Under the terms of the corporate procurement agreement (CPA) established between Flowserve and Saudi Aramco, 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. Under construction on the west coast of Saudi Arabia, YERP will be a 400,000bpd, 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. In addition, Flowserve and its partners operate Quick Response Centers in Saudi Arabia, which provide service and repair. These operations help support the Saudi Aramco supply chain with access to Flowserve technology and innovative solutions.
