Finnish Wrtsil and Brazilian national oil company reach agreement on spare parts supply.

Finnish pulp, paper and energy industry developer and supplier Valmet announced on August 11th that they have signed an agreement with Brazilian oil company Petrobras to supply spare parts for valves, actuators, and positioners. Potential orders will be confirmed during the term of the agreement, with the value of the orders not disclosed. The initial term of the agreement is for one year, with the option to automatically renew for up to five years.