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Kazakh-Chinese JV to produce oil and gas steel pipes

Kazakh-Chinese JV to produce oil and gas steel pipes

Nur-Sultan, April 14 - Neftegaz.RU. Aсcording to NewEurope, a new plant in Almaty in southern Kazakhstan will produce 100,000 tonnes of large-diameter steel pipes annually, which was reported by Kazakhstan’s Ministry of Industry and Infrastructure Development.

“The project will be launched in the second quarter of 2020 in the industrial zone of Alatau district of Almaty. The total area of ​​the construction site is 18.3 hectares. The construction of a high-tech plant will make it possible to ensure import substitution of pipe products imported into Kazakhstan by 70%,” ministry said.

For implementation this project, a Kazakhstan-China joint venture, Asia Steel Pipe Corporation, was established as part of the integrated strategic cooperation program in the oil and gas industry between two oil companies – KazMunayGas and CNPC.

The amount of investment is more than 33 billion tenge ($1 – 437,12 tenge). The project is included in the list of key projects between Kazakhstan and China under the One Belt, One Way programme, the ministry said, adding that expansion of production to 150,000 tonnes is expected in the future.

These welded pipes will be used for transporting oil, gas, water and oil products, as well as for use in mining, construction, chemical industry, and energy.

Author: Kulpash Konyrova

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