Nigerian Law May Usher in Billion-Dollar Steel-Pipe Business

Steel-pipe manufacturing in Nigeria is set to expand on the back of a law that reserves supplies to the energy industry for local companies, the implementing agency said.

The 2010 Nigerian Content Act requires international energy companies working in the nation's oil and gas industry to end imports of pipes and buy instead from local companies to meet annual demand of 800,000 metric tons a year.

Read more: Nigerian Law May Usher in Billion-Dollar Steel-Pipe Business – Bloomberg.

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