July : GIPI went through the corporate restructuring process that involved Gulf International Pipe Industry Investment LLC, a member of Hefestos Group of companies.
July : Completion of welding line modernization for size 6”. TMK GIPI is the first company in MENA region to manufacture 6” - 24” ERW Steel Pipes.
December : TMK Acquires Controlling Stake in GIPI
March : API/ISO Certification, Opening Ceremony
May : Delivery of the First Production Batch
June : Certification as vendor in various Oil & Gas Companies
July : First Project based order from Daleel Petroleum
April : Ground Breaking Ceremony
March : Signed Shareholder’s Agreement
November : Signed Financial Agreement