TMK boosts pipe shipments 16% in H1 to 2.2 mln tonnes

摘要

Russia's TMK, one of the world's top-three oil and gas industry pipe producers, boosted pipe shipments 16.2% year-on-year in H1 2011 to 2.2 million tonnes, the company said in a trading update. Shipments rose 1% in Q2 2011 to 1.09 million tonnes. In the second quarter of 2011, almost all TMK's major markets maintained its positive trend of the previous period. OCTG pipes shipment volumes increased by 6.1% quarter-on-quarter reflecting the positive dynamics of oil and gas fields development in Russia and the United States. In the first half of 2011 shipment volumes of OCTG pipes increased by 7.4% compared to the same period of 2010.