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Chinese company to produce seamless pipes in Uzbekistan

Uzbekistan Materials 27 May 2016 10:59 (UTC +04:00)
China’s Tianjin Ring-Top Petroleum Manufacturing Co., Ltd. (Ring-Top) will manufacture steel seamless pipes for oil and gas industry in Uzbekistan with the capacity of 280,000 tons of product per year.

Tashkent, Uzbekistan, May 27

By Demir Azizov- Trend:

China's Tianjin Ring-Top Petroleum Manufacturing Co., Ltd. (Ring-Top) will manufacture steel seamless pipes for oil and gas industry in Uzbekistan with the capacity of 280,000 tons of product per year, Uzbekneftegaz National Holding Company told Trend May 27.

The company said that production will be organized by the 100-percent subsidiary of the Chinese company - LLC Run Tong Metal Industrial.

Funding of the project worth $30 million will be financed by Ring-Top's own funds. Construction of the enterprise is planned to start in late 2016 in the territory of the Angren special industrial zone in Tashkent region.

As it is expected, steel pipes will be supplied to the domestic market for Uzbekistan's oil and gas industry, as well as exported.

Currently, Uzbekistan doesn't produce seamless pipes.

Angren special industrial zone was established in 2012 in Uzbekistan. Currently, 23 investment projects with total cost of $487.84 million are being implemented in the territory of the industrial zone. Direct foreign investments in these projects are estimated at $193.5 million.

Edited by SI

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