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18 Nov
13:13

Vallourec bags Saudi orders as Aramco resumes tendering

Saudi Aramco’s recent return to tendering has seen Vallourec pick up some orders in Saudi Arabia. Pipemakers’ focus shift to volumes over pricing however has intensified competition in the Middle East, the French tubemaker says. Volumes and mix in Europe, Africa, Middle East and Asia (EAMEA) were down in the nine months through September versus a strong year-earlier period. This was due to destocking in Saudi Arabia and the postponement of projects b…
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