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Hitachi signed a deal with Saudi Aramco to supply compressors

June 23/2011

(Arabian Oil and Gas) -- Hitachi Ltd has signed a deal with Saudi Aramco to supply compressors to the state-owned company's oil and gas plants, the Nikkei Business Daily reports.

Under the agreement, Japanese firm Hitachi Plant Technologies Ltd will suggest compressor technology to Aramco at the planning stage of the project and the Japanese company's engineering unit will also be granted access to information necessary for maintenance, the paper said.

Saudi Aramco has similar deals with three European and U.S. compressor manufacturers, including General Electric Co and Siemens AG, the Nikkei reported.

Saudi Aramco's oil and natural gas plants use around 10 compressors, with a single order expected to bring in 10-20 billion yen (USD 125-249 million) in sales for Japan's largest industrial services firm.

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