11 April 2017, ZTT Group - leading global manufacturer of cable systems, released announcement that ZTT had received the purchasing contract from EMASCHIYODA, SAIPEM S.p.A. and been confirmed as the bidder of 33kV, 15kV of Hasbah II, MRJN&ZULUF, and SAFANIYA 10 these three projects from Saudi Aramco with total value of $30 million.
Saudi Aramco is the state-owned oil company of the Kingdom of Saudi Arabia and a fully integrated, global petroleum and chemicals enterprise. Over the past 80 years, it has become a world leader in hydrocarbons exploration, production, refining, distribution and marketing.
Saudi Aramco, the biggest oil company worldwide, has much strict procedures for the recognition of the supplier qualification. As the only submarine cable supplier from China, ZTT had passed the supplier qualification from Saudi Aramco since 2009 and achieved accumulated submarine cable orders with total amount over $100 million.
Winning consecutive successful bidding in offshore oil-gas projects from Saudi Aramco marks ZTT has built the brand advantages in the high-end submarine cable markets, and had the strength to compete with the international top-ranking submarine enterprises in the high-tech products. In the recent years, ZTT has frequently got big submarine cable orders, which gains favors from customers at home and abroad.
I. In November 2016, ZTT got the 121 million CNY contract of submarine cable and substation EPC project from Bangladesh; II. In November 2016, ZTT won the 298 million CNY bidding of submarine composite cable from State Power Investment Corporation; III. In January 2017, ZTT had been successfully selected by Germany Tennet, as supplier for 155kV submarine cable EPC project with total bidding amount 185 million CNY, which is the first Chinese enterprise successfully enters into European high-end submarine cable market, ranking among the leading integrated service provider and leading the development of national submarine cable industry.
