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Tenaris recognized for investment in Kazakhstan

Recently, the Ministry for Investments of the Republic of Kazakhstan recognized Tenaris’s premium threading facility in Aktau for its contribution as a foreign investor to the development of the country’s economy.

The award was presented during a conference organized by Kazakhstan’s Ministry for Investment and Development and the National Agency for Export and Investment, recognizing foreign investors for their active involvement in the country’s economy. At the event, ten companies were awarded for investment activities that have contributed to the industrialization of Kazakhstan, as well as the expansion of investment activities and the development of high-tech enterprises. Zhenis Kasymbek, the Minister for Investment and Development of the Republic of Kazakhstan, was in attendance and opened the conference. 

Tenaris’s threading facility was introduced to customers in October and will support the company’s long-term agreement with Karachaganak Petroleum Operating (KPO), and key operator Tengizchevroil (TCO) and will enhance the service offer to other customers operating in major Kazakhstan fields with commercial, technical, field service and supply chain logistics expertise. The $40 million USD state-of-the-art facility threads seamless pipe and gas-tight TenarisHydril premium connections, and is equipped to apply Dopeless® technology.

Juan Juanicotena, Tenaris Area Manager-Caspian Sea, accepted the award on behalf of the company. “We are proud to be recognized by the Ministry for Investments for our facility in Aktau. Tenaris continues to be committed to Kazakhstan’s oil and gas industry, our people, our customers and the community.”

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