It is reported that construction work on the overall Baosteel Karamay OCTG project officially started in October last year. The investors are Shanghai based Chinese steelmaker Baosteel and PetroChina Xinjiang Oilfield Co a subsidiary of China National Petroleum Corp.

Phase one of the projects built on an area of 168 acres and with designed annual output capacity of 60,000 tonnes of oil country tubular goods started production on September 12. Construction work on the Baoji pipe Karamay pipe project being built by Shaanxi Province based Chinese steel pipe producer Baoji Petroleum Steel Pipe Co a subsidiary of China National Petroleum Corporation started in July last year.

With a total investment of CNY 340 million upon completion the overall project is expected to have an annual output capacity of 120,000 tonnes of welded pipes for the petroleum, oil and natural gas industry. Phase one of the Baoji Karamay pipe project officially started production in June this year with an annual output capacity of 40,000 tonnes of steel pipes.

The latest facilities commissioned within the scope of the project are expected to increase the annual output capacity to 60,000 tonnes.

Source - Visit www.steelorbis.com for more

(www.steelguru.com)