Within the framework of the development of long-term cooperation, TMK announces that it has signed a cooperation agreement with Turkmenneft State Concern. The Chairman of the Board of Directors of OAO “TMK”, Dmitriy Pumpyanskiy, and the Chairman of Turkmenneft State Concern, Gariyakdy Tashliev, signed the cooperation agreement in Ashgabat, Turkmenistan.

The agreement covers the period until the end of 2010. Under the terms of the agreement, Turkmenneft State Concern (Turkmenneft) will provide information on its requirements for oil and gas pipes and their characteristics and TMK plants will supply Turkmenneft with high-technology tubular products to meet its production needs.

The agreement also involves the establishment of a TMK service centre in Turkmenistan for the maintenance and repair of high-technology tubular products.

Cooperation between Russia’s largest oil and gas pipe producer and Turkmenistan’s state-owned energy companies has been rapidly increasing since the opening of a TMK-Trade House office at the end of last year.