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Mitsubishi Hitachi Power Systems Concludes CPA with Saudi Arabian Oil Company, Including Long-Term Service Agreement for M501F Gas Turbines

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Yokohama, December 10, 2014 -- Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has concluded a Corporate Procurement Agreement (CPA) with the Saudi Arabian Oil Company (Saudi Aramco), the largest national oil company in the world, to provide equipment and associated services, spare parts and long-term servicing of gas turbines installed at Saudi Aramco's gas and oil plants. Based on a 14-year, long-term service agreement (LTSA), MHPS will contribute to stable, high-availability operation of facilities by providing maintenance, management, parts supply, parts repair and remote monitoring services for the gas turbines that are a core component of Saudi Aramco's oil and gas plants.