Russia's largest oil and gas pipe producer TMK plans in the second half of 2010 to increase its total pipe sales by more than ten percent compared with the first half of the year, mainly due to rise of demand for large diameter pipes in the Russian domestic market and for oil and gas pipes, used for shale gas production, in the US.
In H1 2010, TMK's total sales of pipes amounted to 1.886 million mt (up 57.7 percent year on year), and, considering the planned ten percent increase in H2 to more than two million mt, TMK's total pipe sales in 2010 are expected to amount to more than 3.9 million mt, which will represent an increase of more than 40 percent year on year.