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09.07.2007

TMK Production Results for the First Half of 2007

OAO “TMK” (TMK), one of the world’s largest oil and gas pipe producers and the market leader of the Russian pipe industry, today announces 2007 half year (H1) production results.

For the first 6 months of 2007, TMK shipped[1] 1,575.9 thousand tonnes of steel pipes, exceeding shipments for the same period last year by 8.0 %.

Volumes of shipped pipe products for H1 2007

(thousands of tonnes)

Product

2007

(H1)

2006

(H1)

Change,%

Seamless pipes

1,047.3

969.2

+8.1%

including OCTG

492.1

482.8

+1.9%

Welded pipes

528.6

489.4

+8.0%

Total of pipes

1575.9

1458.6

+8.0%

In the first half of 2007, TMK’s steel making facilities produced 1,144.1 thousand tonnes of steel, a 3.2% increase on last year’s production.



[1] “Shipped” refers to shipped from TMK plants for subsequent sale to customers.

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