Spain-based seamless stainless steel pipe producer Iubacex S.A.has announced that it has inked a contract with Brazilian state-owned energy company Petrobras to supply corrosion resistant alloy (CRA) country tubular goods (OCTG),premium connections and accessories.The contract value is ∈64.5 milion.

Accordingly,the Spanish companys products wil be used in the development of Petrobras'Sepia 2 and Atapu 2 oil and natural gas projects. Deliveries are expected to begin next year.Additionally,Tubacex will provide logistics, inventory management,repair services and technical support during the installation phase.