Swiss engineering company signs deal with Venezuela's PDVSA
Swiss engineering company signs deal with Venezuela's PDVSA ZURICH, Oct 27 (Reuters) - Swiss engineering company Sulzer on Tuesday said it had signed a five-year alliance with Venezuela's state-owned oil company PDVSA to develop key industrial infrastructure in the country and contribute to economic growth.
The new agreement is set up in accordance with regulatory requirements and provides a basis for collaboration as Venezuela enters a new phase of investment and development in its oil and gas sector, Sulzer said
Sulzer technologies are already installed across PDVSA's upstream, pipeline, refining and fuel distribution operations, according to the statement
The long-term strategic alliance sets the framework for potential future orders coming from across all PDVSA's operations, Sulzer added
"Our longstanding presence in the country has given us deep knowledge of its industrial landscape and operational needs," Sulzer executive chair Suzanne Thoma said
(Reporting by Ariane Luthi, Editing by Friederike Heine)
((Ariane.Luthi@thomsonreuters.com;))
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