TPT July 2009

I ndustry N ews

Interpipe supplies casing pipes to the Syrian Petroleum Company

In 2008, economic relations between Italy and Saudi Arabia increased by 17%. The Saudi government announced a plan of public investment of €95 billion, with 1.3 million new jobs and the construction of six new cities. In a period of economic changes and international crises, the Riyadh agreement offers new perspectives and opportunities for the Italian market and economy, and will also support an exchange of information between companies interested in investing in Italy to boost a positive exchange and a growing working cooperation. Massimo d’Aiuto from SIMEST, the Italian development finance institution promoting the activities of Italian business abroad, talked about one of the largest Italian investments, thanks to a partnership with the Duferco group, for a steel mill company with plants of more than €400 million, designed and built by Danieli Group for the production of steel tubes for the oil and gas industry, both for ARAMCO (the Saudi governing body for energy) and for other

Steel pipe and railway wheel producer Interpipe, Ukraine, has completed the delivery of casing pipes to the Syrian Petroleum Company (SPC). Interpipe delivered casing pipes amounting to 12,700 tonnes, including 5,600 tonnes of pipes with the UPJ (Ukrainian Premium Joint) connection. Casing pipes are used for the casing of oil and gas wells. Interpipe developed the highly hermetic Ukrainian Premium Joint for use in the construction of horizontal and directional oil and gas wells, and for the development of oil and gas fields in difficult geological conditions. Rostyslav Chudnovsky, sales director of oil and gas pipes at Interpipe commented, “ Interpipe is delighted to complete delivery of casing pipes to the Syrian Petroleum Company – the largest national company in Syria. Since 2006 Interpipe has worked successfully with SPC and intends to develop a long-term strategic partnership. ”

The specification and service performances of Interpipe’s UPJ meet international standards used in global oil and gas production. Joint packing ‘metal-metal’ coupled with trapezoidal buttress thread provides highly hermetic joints as well as durability and firmness for ultimate joint strength. Interpipe – Ukraine Fax : +38 562 389 482 Email : press-office@interpipe.biz Website : www.interpipe.biz Economic cooperation between Italy and Saudi Arabia Invitalia, a national agency for investment and the enterprise development, and SIDCO, the Saudi-Italian society for the development, know-how and service exchange to attract foreign investments, have signed a memorandum of understanding for new economic cooperation between the two countries.

market areas. Invitalia – Italy Website : www.invitalia.it

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J uly 2009

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