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Technip Isn’t Seeing Significant Cost Inflation, CEO Says

Oct. 27 (Bloomberg) -- Technip SA Chief Executive Officer Thierry Pilenko said the oil-services company isn’t seeing signs of significant cost inflation for energy projects.

“There are no major changes,” in the cost of supplies, he said on a conference call, adding that most markets are also “under control” for salaries, although there is some pressure in Brazil and the U.K.

Economic uncertainty within the OECD may be keeping prices down, he said.

Link to Company News:{TEC FP <Equity> CN <GO>}

To contact the editor responsible for this story: Tara Patel at

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