- Sumitomo and Nippon Steel signed a 10-year OCTG supply agreement with Shell.
- The agreement was signed on October 14 in The Hague, Netherlands.
- The partnership aims to enhance product offerings and supply chain efficiency.
- Digital technologies will be leveraged for improved traceability and transparency.
Agreement Overview
Sumitomo Corporation and Nippon Steel Corporation have entered into a 10-year framework agreement with Shell Global Solutions International B.V. for the global supply of oil country tubular goods (OCTG). The formal signing took place on October 14 in The Hague, Netherlands.
Historical Collaboration
For over five decades, Sumitomo and Nippon Steel have been trusted suppliers of seamless OCTG products to Shell's operations in more than 20 countries. This new agreement builds on their long-standing collaboration, recognizing Nippon Steel's consistent delivery of high-quality premium OCTG and Sumitomo's robust supply chain management services.
Future Focus
The agreement aims to ensure a secure and reliable supply of OCTG to support Shell's global operations. Over the next decade, the partnership will focus on expanding the product portfolio, optimizing supply chain efficiency, and leveraging digital technologies to enhance traceability and transparency.
Strategic Collaboration
Sumitomo and Nippon Steel are committed to deepening their strategic collaboration with Shell, contributing to the stable supply of energy and delivering long-term value to stakeholders.
