Russian Oil & Gas Equipment and Services

08.05.2008

OMK, TMK and ChTPZ reduced oil country tubular goods production



According to the January-April results, Russian pipe manufacturers OMK, TMK and ChTPZ reduced their production.  Vyksunsky Metal Plant (member of OMK) produced 499,27 thousand tons of pipes of different types, which is 21% less than in the first quarter of 2007.  Large diameter pipe production fell by  31% to 250,53 thousand tons. ChTPZ Group shipped  415,9 thousand tons in the first quarter, which is 11% less than in the previous year. TMK’s  output fell by  8% to 707 thousand tons, and  welded LDP production dropped by  12% to 222 thousand tons.
The situation is better in Izhorsky Pipe Plant  (member of Severstal Group). The company signed contracts for pipe delivery for construction of pipelines Malay-Magtyiarlyk in Turkmenistan and Bovanenkovo-Ukhta in Yamal.    


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