April 16, 2008 -- Hilal bin Badr al Busaidi, Wali of Sohar, today laid the foundation stone for the new Gulf International Pipe Industry LLC (GIPI) plant in Sohar with $104 million in investments and a capacity of 250,000 tons per annum. The facility will be the first of its kind in the Gulf region to produce high pressure carbon steel pipes, 8-24 inches with 1 inch thickness.
After completion, the plant will produce more than 250,000 tons per annum of API standard pipes, which will reduce the reliance on imports and make the oil and gas sector in Oman self-sufficient in carbon steel pipe. The project is also one of the downstream projects that enhance the government efforts to promote local industries. The facility will also provide other services, such as, casing and related services, internal and external coating for all pipe ranges; a milestone achievement for the pipe industry in the Sultanate and Gulf region.
Abstracted from Asia Pulse
