Vallourec, a world leader in premium seamless tubular solutions, announced the signing of an agreement with Aramco to strengthen their commercial, industrial, and technological ties, formalized during the French-Saudi Investment Roundtable Meeting in Paris. The partnership, which dates back to 1962, has deepened over nearly 65 years, with Vallourec establishing a local industrial facility in Dammam in 2011 and signing a long-term supply agreement for locally manufactured premium OCTG pipes in 2022. The new agreement builds on this history, aiming to expand production capabilities and support Saudi Arabia's development of unconventional resources. Philippe Guillemot, Chairman and CEO of Vallourec, emphasized the mutual trust and the importance of local presence in ensuring supply security despite logistical constraints.
VallourecNew supply agreement with Aramco strengthens demand for Vallourec's OCTG pipes.
Dalipal Holdings LtdAramco secures OCTG supply, supporting its unconventional resource development.
