World's leader in tubular solutions plans to build tube plant in Kazakhstan
17:59, 10 October 2013
ASTANA. October 10. KAZINFORM JSC "NC "KazMunayGas" has signed a Memorandum of Understanding with the world's leader in premier tubular solutions Vallourec & Mannesmann Tubes (France).
KMG's representative Kurmangazy Iskaziyev and Managing Director of Vallourec & Mannesmann Tubes Pierre Frentzel became the signatories to the document.
Vallourec & Mannesmann Tubes intends to set up a production department in Kazakhstan.
Given Kazakhstan's policy in the sphere of industrial development and the needs of Kazakhstani market in oil&gas pipes, the sides confirmed their wish to explore the possibility of creating a tube plant in Kazakhstan