Dallas-based Flowserve Corporation, one of the world's leading providers of flow control products and services for the global infrastructure markets, has inked a 10-year strategic supplier pact with Oil producer Saudi Aramco.

Under the arrangement, Flowserve will provide the company, a full-range of flow control products (pumps, valves and seals) and value-added services for use in Saudi Aramco's existing and planned facilities.

Saudi Aramco, owned by the Saudi Arabian Government, is a fully-integrated global petroleum enterprise and a world leader in exploration and producing, refining, distribution, shipping and marketing.

The company manages proven reserves of 260 billion barrels of oil and also manages the fourth-largest gas reserves in the world.
However the financial terms were not disclosed by any of the companies.

Flowserve recently invested in a new regional pump Quick Response Center (QRC) service, repair and manufacturing facility nearing completion in Saudi Arabia, through a joint venture between Flowserve and Al Rushaid Group.