It's reported that LLC North European Pipe Project has rewarded approximately RUB 2.96 billion of seamless oil pipe project from Gazprom. The company also estimated the total quantity of seamless oil pipes reached 7,000 tons which will reduce from previous estimation figure 14,000 tons. Meanwhile, the seamless pipes including hydrogen sulfide-resistant pipe and unique stainless steel pipe are to meet very acidic environments purpose. The products will expect from Germany and Japan who can produce such qualify pipes in order to meet the standard requirement. In addition, the company is expected the profit margin of around 10% to 11%.
