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12 May
16:07

Tenaris sees some Middle East drilling activity adjustments

Tenaris says minor adjustments to drilling activity could see Middle Eastern revenue decline in the coming quarters, but the region remains the most resilient. During Tenaris’ first-quarter conference call monitored by Kallanish, Tenaris Eastern Hemisphere area manager Gabriel Podskubka said: “The environment in the Middle East is challenging and evolving rapidly but clearly we perceive that this region is on the stronger side of the spectrum and that …
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