12
Nov
10:31
Tenaris confirms return to tendering of Aramco
Oil rig levels remain above 200 in Saudi Arabia, and there is even a shift towards gas rigs, while Saudi Aramco is placing its first tender orders in over 15 months, according to Tenaris. Besides Saudi, Kuwait and United Arab Emirates are also seen as being good sources of OCTG demand in 2016.
The pipemaker posted a -31% on-year decline in third-quarter net sales in the Middle East and Africa (MEA) to $229 million. This was due to a “particularly” lo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous