TMK Ships Line Pipe to Saudi Aramco

tmk_logoTMK has shipped over 2,000 tonnes of X60-grade line pipes produced by Volzhsky Pipe Plant to Saudi Aramco (Saudi Arabia), the biggest international oil company.

Prior to that, Aramco Overseas Company and TVD experts representing Saudi Aramco’s interests audited the pipe production processes at Volzhsky Pipe Plant.

“Saudi Aramco is the major tubular products consumer in the Middle East, and its requirements for the quality of pipe go far beyond the industry average levels. Selection of our products by the leading oil producer following the audit affirms that the quality of TMK’s pipe produced using the state-of-the-art technologies is in line with the highest world standards and shows that the Company has a deep insight into the needs of its customers and markets,” said Alexander Shiryaev, TMK CEO.

TMK ( )

TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel pipes for the oil and gas industry, operating 28 production sites in the United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two R&D centers in Russia and the USA. In 2013, TMK’s pipe shipments totaled 4.3 million tonnes. The largest share of TMK’s sales belongs to high margin oil country tubular goods (OCTG), shipped to customers in over 80 countries. TMK delivers its products along with an extensive package of services in heat treating, protective coating, premium connections threading, warehousing and pipe repairing.

TMK’s securities are listed on the London Stock Exchange, the OTCQX International Premier trading platform in the U.S. and on the Moscow Exchange MICEX-RTS.