24th Oct 2008 14:04
October 24, 2008 PRESS RELEASE
TMK Enters Chinese Oil and Gas Pipe Market
TMK (LSE: TMKS), one of the world's largest oil and gas pipe producers, announces today that it began shipments of line pipe to the China National Petroleum Corporation (CNPC).
Under the terms of the agreement with CNPC, over 5,000 tonnes of line pipe were shipped in September 2008. Shipments consisted of 406mm OD line pipe with wall thickness of 12.5, 14.2 and 16mm. The pipes were produced at Volzhsky Pipe Plant and designed for CNPC's Longgang gas field in Sichuan Province.
In 2009, TMK expects to increase shipments of oil and gas pipes used in the development and production stages of CNPC's field. The Longgang gas field project includes the development of 13 wells, the construction of 3 gas gathering stations and the laying of over 300 km of gas transmission lines.
TMK (www.tmk-group.com)
TMK (LSE: TMKS) is the largest pipe producer in Russia and one of the three global market leaders.
In 2007, TMK shipped over 3 million tonnes of pipes. TMK supplies to companies in more than 60 countries.
TMK production facilities are located in Russia, the United States, Romania and Kazakhstan
Volzhsky Pipe Plant
Seversky Tube Works
Taganrog Metallurgical Works
Sinarsky Pipe Plant
TMK IPSCO
TMK-Resita SA
TMK-Artrom SA
TMK-Kaztrubprom
TMK Oilfield Services
TMK-Premium Service
For further information please contact:
TMK IR Department
Alexei Ratnikov
Tel: +7 495 775 7600 ext. 2078
Email: [email protected]
TMK PR Department
Alexey Sotskov
Tel: +7 495 775 7600 ext. 2125
Email: [email protected]
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