Corinth Pipeworks SA informed the investment community about the award of 6 contracts amounting to a total value of EUR 170 million of which EUR 113 million concern large diameter spiral welded steel pipes, while the remaining EUR 57 million concern medium diameter steel pipes.

The agreements were concluded with Energy Transfer and Spectra Energy two of the largest North American grid operators, Bïrd Gáés Eireann (National gas company of Ireland) and with constructors Bechtel, Petrofac and J&P Paraskevaides, for projects in Agola, Syria and Libya.

The execution of all these projects is expected to be completed into 2008 and the first half of 2009.