Metalnewsnet 11 May ：

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited announced that the total value of the Group’s signed orders to provide quality oil and natural gas pipe for China National Petroleum Corporation, China Petroleum & Chemical Corporation and China National Offshore Oil Corporation amounted to about CNY 834 million as on April 30th 2010.

Pursuant to the sales contract, Chu Kong Pipe will supply CNPC, Sinopec and CNOOC with approximately 53,000 tonnes, 18,000 tonnes and 74,000 tonnes of oil and natural gas pipe respectively during the period from 2010 to 2011. The sales contract is worth about CNY 834 million.

Mr Chen Chang chairman of the Group said “The Group has teamed up with the three oil giants for years and has always been supplying quality steel pipes for their projects. Their long term support to Chu Kong Pipe is a tribute to their recognition of the Group’s excellence in product quality, as well as a testimony of the Group’s strong reputation in the industry and leading market position.”

(from steelguru)