News 2016
December 2016Launched a pipe cutting facility in the territory of the free economic zone Aktau
Tenaris, one of the largest producers of pipe products in the world, launched a pipe cutting facility in the territory of the free economic zone Aktau, Kazakhstan. The plant will produce the seamless pipes for the oil and gas industry. The capacity of this enterprise will be 45 thousand tons of highly hermetic pipe with premium class thread that can be used for drilling the oil wells to a depth of 5 km.
"Tenaris-Kazakhstan» has already signed a contract on the supply of new products for the leading oil and gas companies: JV "Tengizchevroil" and "Karachaganak Petroleum operating B.V. Besides, the management of Tenaris expects that its pipes will be used in the development of Kashagan field in the offshore Caspian Sea, which was started in 2016. It is also possible to arrange the exports to Turkmenistan, Azerbaijan and Russia. Construction of the plant took about one and a half year. The cost of the project amounted to 40 billion USD.