Saudi Arabian Oil Company and ITT Corporation signed a seven-year agreement for ITT to provide products and services to Saudi Aramco. Under terms of the deal, which is effective immediately, 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”s local manufacturing and service operation, located in Dammam Second Industrial City.
ITT Saudi will provide professional services to support start-up and commissioning of all types of pumping systems. ITT Saudi will also provide 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 program, to enhance local industrial manufacturing capability, to develop local supply chains, and improve overall plant performance for Saudi customers.
Financial terms of the deal were not disclosed.