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News Breaks
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June 23, 2011
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| 08:03 EDT |  | WH |
| theflyonthewall.com: | WSP Holdings wins $97M in orders from Venezuela and Ecuador | | WSP Holdings announced that its wholly-owned subsidiary, Wuxi Seamless Oil Pipes Co. Ltd., received $97M in new orders from state-owned oil companies in Venezuela and Ecuador. WSP China received 22 new purchase orders for API and non-API casing pipe, API tubing pipe, line pipe and connectors from PDVSA Services B.V., a state-owned hydrocarbons company in Venezuela. These new purchase orders are for a total of 37,705 tonnes of API and non-API casing pipe and API tubing pipe and 4,600 tonnes of line pipe, worth approximately $81M. Among these, non-API casing pipe accounts for $48M, or 60% of the total. The company expects to complete delivery of these orders by the end of September 2011. :theflyonthewall.com |
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