SeAH Steel Holdings signs 5-year 200,000-ton oil pipeline supply contract in UAE < IB/Company < Text of article

(Seoul = Yonhap Infomax) Reporter Lee Yun-gu = SeAH Steel Holdings signed a large-scale contract in the United Arab Emirates (UAE) and began targeting the Middle East market in earnest.

SeAH Steel Holdings announced on the 21st that it signed a five-year contract with ADNOC, the largest state-owned oil company in the UAE, to supply 200,000 tons of API oil pipelines and CLAD steel pipes.

API steel pipe is used to transport crude oil and natural gas containing hydrogen sulfide, and is a high-specification steel pipe product with excellent hydrogen embrittlement and corrosion resistance.

SeAH Steel UAE, a UAE production corporation, is responsible for supplying API steel pipes, and Inox Tech, an Italian special pipe production corporation, will also sequentially supply approximately 14,000 tons of clad steel pipes to Adnoc’s Haeil & Gasha gas field project from the first half of next year. plan.

Innoxtec’s clad steel pipe is an innovative steel pipe product with excellent cost competitiveness while maintaining strength and corrosion resistance comparable to existing alloy steel.

SeAH Steel Holdings plans to take the lead in the clad steel pipe market in the Middle East market based on the performance of this Innoxtech order.

An official from SeAH Steel Holdings said, “Overseas production subsidiaries have been recognized for their competitiveness as major suppliers in the energy steel pipe market by signing large-scale orders in succession in the Middle East market,” adding, “With the successful delivery of this project, the “We plan to continue sustainable growth by winning additional orders for energy projects,” he said.

API oil pipeline stored in SeaSteel UAE factory yard

[출처:세아제강지주]

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This article was published at 09:41 on the Infomax financial information terminal.