Indonesia company secured Iran oil contract
Listed company PT Citra Tubindo Tbk, a producer of tubular pipes, won a contract to supply oil country tubular goods (OCTG) to National Iranian Oil Company (NIOC) worth US$27.32 million.
Citra Tubindo, controlled by Indonesian tycoon Kris Wiluan, won an international bidding conducted by Kala Naft, which handles material supply to NIOC and its affiliates. Delivery should be made this year.
According to Citra Tubindo's letter to Jakarta Stock Exchange yesterday, part of the contract, worth US$10 million, would be processed in Luleh Gostar Esfarayen Seamless Pipe Company (LGE), Iran, in which Citra Tubindo would supervise the production.
Apart of that, Citra Tubindo also secured order of drill pipes worth US$4 million from Kala Naft's London office to supply National Iranian Drilling Company (NDIC).
Citra Tubindo, controlled by Indonesian tycoon Kris Wiluan, won an international bidding conducted by Kala Naft, which handles material supply to NIOC and its affiliates. Delivery should be made this year.
According to Citra Tubindo's letter to Jakarta Stock Exchange yesterday, part of the contract, worth US$10 million, would be processed in Luleh Gostar Esfarayen Seamless Pipe Company (LGE), Iran, in which Citra Tubindo would supervise the production.
Apart of that, Citra Tubindo also secured order of drill pipes worth US$4 million from Kala Naft's London office to supply National Iranian Drilling Company (NDIC).
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posted by yosef at 7:19 AM
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