August 22, 2008

TMK to support pipe plant venture in Venezuela

FIS reported that TMK has prepared a contract with Venezuela on pipe supplies, after preliminary agreement on this issue was reached with the plant's delegation during the visit to Venezuela at the beginning of October 2007. TMK is to provide a necessary package of documents on designing, construction and operation of the pipe plant in Venezuela.

Binding of the agreements is to be made on October 24th to 26th 2007 in the course of a bilateral intergovernmental committee presided by the Mr Alexander Zhukov vice minister of RF and Mr Horhe Rodriguez Vice President of Venezuela.