Steel pipe and railway wheel producer Interpipe has completed the delivery of casing pipes to the Syrian Petroleum Company (SPC). Interpipe has delivered casing pipes amounting to 12,700 tonnes of which 5,600 tonnes of pipes supplied have the UPJ (Ukrainian Premium Joint) connection. Casing pipes are used for the casing of oil and gas wells.
Interpipe has developed the highly hermetic "Ukrainian Premium Joint" for use in the construction of horizontal and directional oil and gas wells and for the development of oil and gas fields in difficult geological conditions.
Rostyslav Chudnovsky, Sales Director of Oil and Gas pipes at Interpipe commented: "Interpipe is delighted to complete delivery of casing pipes to the Syrian Petroleum Company - the largest national company in Syria. Since 2006 Interpipe has worked successfully with SPC and intends to develop a long-term strategic partnership."
The specification and service performances of Interpipe's UPJ meet international standards used in global oil and gas production. Joint Packing "metal-metal" coupled with trapezoidal buttress thread provides highly hermetic joints as well as durability and firmness for ultimate joint strength.
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Interpipe is a major global producer of steel pipes and 2nd largest producer of forged railway wheels in the world with total revenue of $1.8 bn. in 2007.
Interpipe is an export oriented company with 71% of its revenues derived from export sales in 2007 supplying products to 76 countries in the world. Interpipe has a network of sales offices in Ukraine, Russia, Kazakhstan, Europe, the USA and the Middle East.
In 2007 Interpipe mills produced 1.5 million tons of steel pipes and railway wheels.
Interpipe sells its wheels on foreign markets under the KLW brand.
The IFRS consolidated financial statements for the year ended 31 December 2007 were audited by Ernst & Young (www.ey.com)
© Press Release 2009
