Shell, Metals and mining
Russian pipe manufacturers will share the margin with foreigners.
Russian pipe manufacturers, who won 60% of the lots for the supply of pipes for the Nord Stream 2, will have to share the profits with European steelmakers. OMK of Anatoliy Sedykh has already signed a major contract for the purchase of steel for the project from the Austrian Voestalpine (up to 40% of the volume), ChTPZ of Andrey Komarov also prepares to buy imported steel. Sources "The Kommersant" calls it part of a tacit agreement, but the pipe manufacturers claim that they only diversify supply risks.
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.The pipe and wheel company Interpipe plans to master the production of pipes with ultra-premium screw joint of the CAL IV level, which are to be used during the production of oil and gas in very difficult conditions, to supply them to Shell within the implementation of its projects in the Ukraine. According to the Ukrainian Ministry of Industrial Policy’s press-release, this information was in the Interpipe’s reply on the Ministry’s inquiry in connection with some reports in mass media that Shell refuses to use Ukrainian pipes in the near future because of their supposedly inferior quality.
Japan asks the Russian Government to support its companies eager to participate in Elga and Sakhalin-3Edited by Rhod Mackenzie / 2011-02-14 06:12:28
The Minister of External Affairs of Japan Seiji Maehara has appealed to the Russian Government with a request to support the Japanese companies eager to participate in the Elga and Sakhalin-3 projects. He reported that at the ninth session of the Russian and Japanese intergovernmental commission for trade and economical affairs where he acts as co-chairman. In April 2010 the Japanese Government reported about its interest in Sakhalin-3, the Elga coal deposit and in the construction of port infrastructure, coal and corn terminals in the Russian East. Read more »