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05.09.2006

ТМК increases volume of pipe shipment to oil and gas companies by 26%

During the first six months of 2006 TMK shipped about 700 thousand tons of oil and gas pipes to customers globally. Thirty percent of these drilling, casing and oilwell pipes were exported.

Compared to the same period of the previous year oilwell tubing and casing piping supplies to Russian oil and gas companies grew by 51.6%, drilling pipes supply rose by13.5%. The share of new high-technological pipes in the total volume of shipped drilling pipes amounted to circa 60%. In general, supply of high-strength drilling pipes increased by 15%. The overall growth in volume of pipe shipment to oil&gas comapnies is up 26% on last year.

Improvement of quality and enlargement of the range of seamless pipes for the oil &gas industry has become possible thanks to long-term scientific and technical cooperation with TMK’s partners and implementation of in-house technological developments. The latter includes highly hermetical close-coupled thread connections for casing pipes TMK-GF, TMK-FM, TMK-FMC, TMK-TTL-01, TMK-CS, TMK-1, as well as the new highly hermetical connection for oilwell tubing TMK-FMT.

In July 2006 ТМК signed a long-term supply contract with the oil company Salym Petroleum Development N.V., and started a programme of scientific and technical cooperation with Gazprom (effective until 2009).

Key consumers of oil and gas pipes produced by ТМК in Russia in January – June 2006 were included companies as Rosneft, Surgutneftegas, Sibheft, TNK-BP, Lukoil, Gazprom, Tatneft, Bashneft and Sidanko.

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