Ashgabat, Turkmenistan, Oct. 1
By Huseyn Hasanov – Trend:
Russia’s Chelyabinsk Pipe Rolling Plant (ChelPipe) Group PJSC is producing pipes for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) main gas pipeline, Trend reports referring to Russia's Metal Supply and Sales Magazine.
The work is carried out jointly with Germany’s Dillinger Hutte company, partnership with which the Russian company began in 2010. The total volume of deliveries of products from Germany during this time reached 500,000 tons.
In April, ChelPipe Group PJSC signed a contract for shipping more than 150,000 tons of large-diameter pipes (LDP) to Turkmenistan’s Turkmengas state concern.
For the implementation of the project in accordance with the requirements of international and Islamic banking, its financing was provided by three financial organizations. Among them was Russia’s Sberbank, a state-owned Russian banking and financial services company and a partner of ChelPipe; the Islamic Development Bank (IDB) and the State Bank for Foreign Economic Affairs of Turkmenistan.
These institutions established international cooperation and structured the deal confirming the obligation to pay for the pipes worth over $200 million, the report said.
Construction of the Turkmen section of TAPI, which is designed with an annual capacity of 33 billion cubic meters of gas, was launched Dec. 13, 2015. IDB issued a loan for Turkmenistan in 2016 to finance the construction of the TAPI gas pipeline. An agreement worth $700 million was signed with the State Bank for Foreign Economic Affairs of Turkmenistan.
Turkmenistan supplies gas to China and Iran. The ChelPipe group at one time shipped large-diameter pipes for the construction of the third stage of the Central Asia-China gas pipeline.
ChelPipe Group is comprised of ferrous industry enterprises and companies including Chelyabinsk Pipe Rolling Plant; Pervouralsk New Pipe Plant; a warehouse facility selling the Group's tubular products in Russian regions; META, a scrap procurement and processing company; SOT, ETERNO and MSA (Czech Republic), trunkline equipment manufacturers, and Rimera, a provider of oilfield services.