On January 3, Zhejiang Province-based Chinese pipe producer Jiuli Stainless Steel Pipe Co. announced that it recently received an order from Oman Oil Company Exploration & Production LLC (OOCEP), a subsidiary of Oman Oil Company S.A.O.C (OOC).
Accordingly, Jiuli Steel will supply duplex stainless steel line pipes to OOCEP, with the total length of the pipes amounting to about 80 kilometers. The transaction price is $13,895,069.25.
OOCEP’s primary focus is on upstream investments as part of OOC’s strategy of pursuing local and international energy-related investments.