Vallourec has signed a 10-year contract with Saudi Arabian oil and gas company, Aramco, to supply premium casing tubes. In parallel, the company announced a memorandum of understanding with the Ministry of Investment of Saudi Arabia (MISA). The agreement outlines MISA’s support of the company expanding its Saudi presence and specifically calls out energy transition, additive manufacturing, and the circular economy, which aims to reduce the state’s dependence on oil.
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