ONGC Picks TMK for Casing Pipe Supply

7 Nov 2008 08:19



November 7, 2008   PRESS RELEASE

ONGC Picks TMK for Casing Pipe Supply

TMK (LSE: TMKS), one of the world's largest oil and gas pipe producers, announces today that it signed a supply contract with ONGC, India's largest oil and gas company.

TMK was preferred to other global pipe producers and won a tender conducted by ONGC for the supply of casing pipe. Under the terms of the agreement, TMK will supply ONGC with approximately 20,000 tonnes of 244.48 mm OD seamless casing pipe. The pipes will be produced at TMK's Volzhsky mill in south-western Russia with shipments scheduled to run throughout 2009-2010.

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: IR@tmk-group.com

TMK PR Department

Alexey Sotskov

Tel: +7 495 775 7600 ext. 2125

Email: PR@tmk-group.com