Russia's largest
pipe producer TMK with 3.7 million tons per annum
pipe production capacity, and
China Petroleum Technology & Development Corporation (CPTDC), the subsidiary of
China's leading oil producer
China National Petroleum Corp (CNPC), have concluded a three-year cooperation contract.
The contract aims to meet CPTDC's all
pipe needs by TMK's facilities such as Volzhsky
Pipe Plant, Sinarsky
Pipe Plant, Seversky Tube Works, and Taganrogsky Metallurgical Works.
Konstantin Semerikov, the General Manager of TMK said, “The contract will assist to bolster the trade relation between TMK and its Chinese
pipe consumers which will in turn allow TMK to considerably expand onto the global market.”