Shengli Oil & Gas Pipe Holdings Limited (HKG:1080) announced that Shandong Shengli, a wholly-owned subsidiary of the Company, was notified recently, that it has won an open tender for the supply of 17,240 tons of Spiral Submerged Arc Welded pipes and the provision of related anti-corrosion services to China Petroleum Materials Corporation for the Third West to East Natural Gas Pipeline.

The total contract price is expected to amount to approximately RMB160 million.

The Company expected that the production process and delivery of pipes for this project will commence in the near future.

Source:chinesestock.org