Iran buys pipes for oil sector in $615 mln deal with Spain`s Tubacex
(WorldNews Business)

BEIRUT, May 24 (Reuters) - Iran has signed a contract worth more than 550 million euros ($615 million) with Spain`s Tubacex to buy corrosion resistant alloy (CRA) pipes for its oil industry, the oil ministry`s news agency reported on Wednesday. The contract was signed with Iran`s Foolad Isfahan company which will take over production of the pipes completely within three years, the SHANA agency reported. The deal will lead to the production of 600 kilometers of...