Turkish company to invest in special pipe production for oil, gas pipelines

ISTANBUL

DHA Photo

Turkey’s leading steel making company, Tosyalı Holding, has said it will invest in the production of a special type of pipe to be used in oil and gas pipelines in a press release on Dec. 17.

“We will start our facility investment with the planned annual production of 500,000 tons in 2016 and our plan is to complete the construction in the following year,” said the company.

The company will produce longitudinal submerged arc welding (LSAW) pipes, which are not manufactured in Turkey yet, according to the press release.

Tosyalı Holding, which has already completed preliminary talks with the Science, Industry and Technology Ministry for the investment, will become one of the few LSAW producers in the world.

“We plan to enable Turkey to overcome its dependence on foreign sources in energy projects. Our target is to begin to export pipes in 2017,” said the company’s chairman, Fuat Tosyalı.

The company earlier won a contract to provide a quarter of the steel pipes needed to build a 1,800-kilometer pipeline to carry Azerbaijani gas from the Caspian Shah Deniz project to Europe through Turkey via the Trans-Anatolian Natural Gas Pipeline (TANAP) project.