Kazakh ArcelorMittal Aktau to render services to Tengizchevroil
Azerbaijan, Baku, March 29 / Trend E. Kosolapova/
Kazakh ArcelorMittal Aktau (Aktau Pipe Plant) signed an agreement on fusion bonded epoxy coating of Kazakh large oil company Tengizchevroil's steel pipes, ArcelorMittal reported on Thursday.
The parties made a decision on joint work in 2011, following which the existing line of fusion bonded epoxy coating were modernized.
"ArcelorMittal Aktau and TCO are going to continue joint work to expand Aktau plant's types of coating, especially aimed at especial operating conditions of the Tengiz field," General Director of ArcelorMittal Aktau Zhenis Utegenov said.
ArcelorMittal Aktau is an affiliated company of ArcelorMittal company. It is the only manufacturer of large diameter steel pipes in Kazakhstan, which specializes in the manufacturing of steel oil and gas pipes, as well as water sluices, heating and slurry pipelines and cuttings ditch used in the mining industry.
The Tengizchevroil partnership was formed in 1993 between the Republic of Kazakhstan and Chevroil company. Current partners are Chevrol (50 percent), Kazakh National Company KazMunaiGas (20 percent), ExxonMobil Kazakhstan Inc.(25 percent) and LukArco B.V. (5 percent). Tengizchevroil develops Tengiz and Korolev fields in the Atyrau region in western Kazakhstan. Total recoverable crude oil reserves at Tengiz and Korolev field till April 2033 is from 750 million to 1.1 billion metric tons (6-9 billion barrels).
TCO exports crude oil via Caspian Pipeline Consortium pipeline to Novorossiysk, via railway to Odessa and Feodosiya, as well as to Aktau, then further to Batumi and Kulevi.