Siemens and Saudi Aramco, one of the world's largest oil companies headquartered in Dhahran, Saudi Arabia, have signed a corporate procurement agreement (CPA). This corporate-level agreement will strengthen the cooperation between the two companies. In addition, a sub-procurement agreement grants Saudi Aramco improved access to Siemens Oil and Gas Division's rotating equipment and services. This will lead to more cost efficiency for both companies due to reduced project times.
Source: Zawya
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