Nippon Metal, Sumitomo renew long-term contract with Equinor to offer pipes

TOKYO: Japan’s biggest steelmaker, Nippon Metal, and buying and selling area Sumitomo Corp stated on Wednesday (Jul 3)  that they’ve renewed a long-term contract with Norway’s Equinor to offer seamless metal pipes for as much as 9 years.

The pipes might be utilized in oil and fuel building in addition to carbon seize garage (CCS) in Norway and different places.

For the previous 35 years, Jap firms were offering piping merchandise, referred to as oil nation tubular items (OCTG), to the Norwegian power corporate for oil and fuel manufacturing.

Nippon Metal and Sumitomo plan to additional make bigger their long-term collaboration with Equinor within the power sector, in line with separate statements from each Jap firms.

The transfer follows Nippon Metal and Sumitomo securing orders from QatarEnergy in June for high-alloy seamless pipes for use for CCS.

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