Iran signs $630m deal to produce strategic oil equipment
By signing a contract worth $630 million with an Iranian-Spanish consortium on Wednesday, Iran joined the world’s manufacturers of special pipes, which are of strategic importance in the oil and gas industry. The contract was signed in Tehran by the National Iranian Oil Company (NIOC) and the consortium, which includes Spain’s TUBACEX and Iran’s Mobarakeh Steel Company. The project aims to produce pipes made of corrosion resistant alloy (CRA) for a network of 600 kilometers over three years. Corrosion resistant alloys (CRAs) are commonly ...
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