Mr Zhenying Jiang president of Sinopec Procurement Subsidiary and Mr Marcelo Ranieri area manager of Tenaris in China have signed a MoU in November 2007 to serve as the foundation for strategic, long term cooperation between the two parties and designating Tenaris as one of Sinopec's preferred international suppliers.

The scope of this MoU not only includes OCTG products but also pipeline and process products as well as ancillary services for Sinopec's operations in China and focuses on high end products, including sour service applications, high alloys and premium connections, among others.

Mr Renwar Berzinji commercial director for Tenaris in China said that “This MoU enables Tenaris to provide more complete and tailor made solutions according to Sinopec's needs.”

Sinopec is the largest petroleum refining enterprise in China and also is the second largest oil and gas producer in China.