South Stream Transport Orders Pipes Worth $ 1.1 Bln

From left to right: Koichi Tabuchi and Naoki Watanabe from Marubeni-Itochu & Sumitomo Consortium and Dr. Oleg Aksyutin, CEO of South Stream Transport

South Stream Transport has ordered over 75,000 pipes for second line of the South Stream Offshore Pipeline, with a total order value of about 800 million euros ($1.1 billion). 

From left to right: Koichi Tabuchi and Naoki Watanabe from Marubeni-Itochu & Sumitomo Consortium and Dr. Oleg Aksyutin, CEO of South Stream Transport

Marubeni-Itochu & Sumitomo Consortium from Japan will supply 40% of the pipes, OMK Steel from Russia 35%, and Izhora Pipe Mill from Russia another 25%.

The South Stream Offshore Pipeline will be made up of four parallel pipelines of 931 kilometres each. Each pipeline is constructed of over 75,000 pipes of 12 metres each.

Pipe-supply contracts for the first line were signed in January 2014 with producers in Germany and Russia. Following delivery and stockpiling of pipes at the Black Sea coast, offshore construction will start in autumn 2014. The first offshore pipeline is scheduled to start operations by the end of 2015.

Press Release, March 17, 2014

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