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09 May
16:56

Middle East pricing pressure persists, Egypt highlight: Tenaris

Pricing pressure persists on OCTG in the Middle East and Africa, with Egypt the only country in the region to recently see increased momentum in oil & gas projects, according to Tenaris. The pipemaker recently signed a contract to supply 130,000 tonnes of pipe over three years for a deep-sea gas drilling project in Kuwait. It also preparing to produce at its Brazil-based mill 160,000t of offshore linepipe for the Zohr project in Egypt, with deliveries s…
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