Japanese steelmaker JFE Steel Corporation (JFE) has announced that it has signed a memorandum of understanding with Kazakhstan-based KSP Steel LLP (KSP) and Japan's Marubeni-Itochu Steel Inc. (MISI) to discuss how to strengthen their partnership in the steel industry of Kazakhstan and neighboring countries.
Accordingly, the companies will discuss potential opportunities concerning technology, sales and materials supply related to the provision of advanced, high-quality steel pipe for resource and energy development.
In October 2012, JFE agreed to license its JFEBEAR technology, a premium joint is used for connecting oil country tubular goods utilized in drilling extra-deep, high-deviation wells into high-pressure reservoirs, to KSP.