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Borusan Mannesmann seeks to supply pipes for Nabucco gas line

Borusan Mannesmann seeks to supply pipes for Nabucco gas line

Borusan Mannesmann Boru Sanayi & Ticaret AS, a Turkish producer of steel and plastic pipes, aims to supply one-third of the pipes for the Nabucco project that will carry Caspian region gas to Europe.
The Istanbul-based company will invest US$90 million to more than double its steel pipe-making capacity to 450,000 tons, in order to bid for pipeline projects in Turkey and abroad, Chairman Bulent Demircioglu said in an April 1 interview.
"We want to take a significant part in big oil and gas pipeline projects like Nabucco," which will need 1.3 million tons of steel pipes, Demircioglu said. "We want to provide as much as 500,000 tons of it, or at least one-third."
Borusan Mannesmann produced a third of the pipes for the Turkey section of the 1,700km Baku-Tbilisi- Ceyhan oil pipeline, built by BP Plc from the Caspian to Turkey's Mediterranean coast.
The 7.9 billion-euro (US$11-billion) Nabucco Project is led by Austria's OMV AG and is designed to transport as much as 31 billion cubic meters of gas a year though Turkey. Construction is due to begin in 2011. The other partners are Budapest-based Mol Nyrt, Germany's RWE AG, Bulgaria's Bulgargaz EAD, Romania's Transgaz SA and Ankara-based Botas.


Updated : 2021-09-17 08:31 GMT+08:00