Iran buys pipes for oil sector in $615 mln deal with Spain's Tubacex
May 24 Iran has signed a contract worth more than 550 million euros ($615 million) with Spain's Tubacex to buy corrosion resistant alloy (CRA) pipes for its oil industry, the oil ministry's news agency reported on Wednesday. The contract was signed with Iran's Foolad Isfahan company which will take over production of the pipes completely within three years, the SHANA agency reported. The deal will lead to the production of 600 kilometers of pipe. Iranian oil minister Bijan Zanganeh said CRA pipes were extremely difficult to obtain while ...
Click
To Read Full Article