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Tue 7 Aug 2007 11:03 AM

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Interpipe in running for key contracts

Pre-qualification puts pipe manufacturer Interpipe in the running for KOC and ADNOC contracts.

Interpipe, a producer of steel pipes and wheels, has gained pre-qualification status from two of the region's most important oil players.

Both Kuwait Oil Company (KOC) and the Abu Dhabi National Oil Company (ADNOC) have awarded this status to Interpipe's mills - Interpipe Niko Tube and Interpipe NTRP.

As a part of the pre-qualification process, representatives of KOC and ADNOC carried out a technical audit and examined Interpipe's pipe producing technologies and quality management system.

"The audit process lasted a year," said Rostyslav Chudnovsky, Interpipe's director of tubular sales for the oil and gas industry. "We believe that KOC and ADNOC are the standard-bearers in the Middle East market. Being included in their reference lists opens the door for future partnership with other oil producing companies. [The pre-qualification] will give us the opportunity to increase sales of our products to end users in the region."

Interpipe Niko Tube has been approved for inclusion in the KOC's approved list of manufacturers for oil and gas pipes produced in accordance with API 5CT. Both Interpipe Niko Tube and Interpipe NTRP have also gained the same pre-qualification from ADNOC.

Interpipe recently announced its first half results for 2007. It recorded 11.8% growth in shipment volumes of pipes and wheels in the first six months of 2007 against the same period in 2006. The growth in the number of pipes shipped totaled 13.3% (total volume - 638 000 tons).

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