China Petroleum & Natural Gas Drilling and Transmission Steel Pipe Market Report, 2012-2015 New Report
Due to uncertainties including sluggish global economic recovery and volatile geopolitical environment in Middle East and North Africa since 2011, the global crude oil prices have long been lingering at as high as USD110/barrel, fueling the strong surge in the oil & gas exploration expenditure worldwide. Consequently, the demand for steel tube products such as oil well pipes and oil & gas transmission pipes has been greatly boosted.
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