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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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June 2017 | Seamless Steel Tube & Pipe


Rosneft awards giant 2.5Mt OCTG tender: Europe and CIS Analysis


Historically Rosneft consumes about a half of the total Russian OCTG consumption.

Rosneft changes OCTG procurement approach...
The largest Russian oil producer Rosneft has announced the results of a major OCTG tender it has recently awarded, the largest in recent history. The company has dramatically changed its procurement strategy by shifting to long-term supply contracts. On 22 May the company announced the results of the first tender for a long –term supply through to 2019 which accounted for 2.5 Mt of OCTG and additionally a further 300kt of other tubular products – mostly for general purpose application, but some tonnages for liquids and gas transportation tubulars including both seamless and ERW.




...releasing an OCTG tender for 2 ½ years of drilling

Historically Rosneft consumes about a half of the total Russian OCTG consumption. It is by far the largest OCTG consumer in the CIS region. The completed tender is actually the first in the series of two. In OCTG range...

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