Venezuelan tube maker Empresa Socialista Batalla de San Felix (ESBS) has inked a deal to supply 30,000 mt of seamless steel tubes to state-owned oil and gas projects, the government said Tuesday.
ESBS, former Tavsa, is currently controlled by national steelmaker Sidor.
The steel tubes will be directed to local oil companies Bariven S.A. and Petro San Felix, both subsidiaries of the Venezuelan giant oil company PDVSA.
ESBS will have to produce at very high rates to complete the supply agreement, the goverment said.
The first order of 5,000 mt of seamless tubes has already been booked, of which 1,500 mt is available from the company's current supplies.
The completion of the 30,000 mt supply is expected by the end of the year.
Located in the Bolivar state, the tube maker has an installed production capacity of more than 80,000 mt/year of tubes.
SourceL Platts
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