Jiangsu Province-based Chinese steelmaker Yulong Steel Pipe Co., Ltd (Yulong Steel Pipe) has announced that it has inked a welded pipe sales contract with Shandong Province-based Chinese company Kerui Petroleum (Kerui). Accordingly, Yulong Steel Pipe will supply about 38,000 mt of longitudinal submerged arc welded pipes to Kerui, with the overall value totaling about RMB 137 million ($20.87 million).
Kerui Petroleum is a comprehensive industrial group integrating high-end petroleum equipment research, development and manufacture, integrated oilfield engineering technological services. It is the largest manufacturer and service provider for oil and gas equipment in China.