Russia-based TMK, one of the world's leading producers of tubular products for the oil and gas industry, and Lukoil, Russia's second-largest oil company and one of the largest global verticall-integrated oil and gas companies, have signed an agreement on pipe supplies for 2012.
Under the agreement, TMK guarantees to supply 100 percent of pipe products required by Lukoil for use in all stages of oil production and refining. The supply volumes are planned to be not fewer than 260,000 mt for the coming year.
Lukoil is among the most significant customers of TMK's products. TMK's pipe supplies to the oil company in 2011 are expected to exceed 130,000 mt.