on VALLOUREC (EPA:VK)
Vallourec signs contract with Kuwait Oil Company
Vallourec has signed a major contract with Kuwait Oil Company (KOC) to supply OCTG tubes. This contract could generate more than $130 million in revenue. The tubes, made of carbon steel with premium connections, will be delivered between 2025 and 2026. This partnership is part of Kuwait's efforts to achieve oil production of 4 million barrels per day by 2035. Vallourec, already considered a reliable supplier to KOC, will handle the most technically advanced part of the project. Philippe Guillemot, CEO of Vallourec, highlighted the company's ability to deliver advanced technical solutions for KOC's future challenges.
R. H.
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