28
Feb
13:11
Aramco to boost Tenaris high-margin Middle East sales
The return to tendering of Saudi Aramco should drive a shift to higher margin, complex pipe products in Tenaris’ sales mix in the Middle East in 2016. Large contracts secured in United Arab Emirates and Kuwait will also contribute to this trend.
Tenaris’ Middle East and Africa segment tube sales declined -49% on-year in the fourth quarter of 2015 to $199 million due mainly to lower sales in North Africa following a concentration of shipments in Q3. F…
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Anonymous
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