France-based pipe manufacturer Vallourec has announced that it has signed a memorandum of understanding with the Ministry of Investment of Saudi Arabia (MISA).
The agreement will provide support for the company’s expansion in Saudi Arabia, which includes increasing its local presence, in the fields of energy transition, additive manufacturing and the circular economy.
Meanwhile, the company signed a ten-year contract with Saudi Arabian oil and gas company Aramco for the supply of premium casing tubes.