New Markets Entry

We strive to strengthen our presence in major oil and gas regions, the largest of them being the USA, CIS, Middle East and Latin America.

To expand our market share in the strategically important Middle East region, we acquired a 55% stake in GIPI, Omani producer of welded oil and gas pipes

We believe that our own production site in the region will strengthen local positions of TMK M.E. FZ, TMK's distribution subsidiary in Dubai, and pave new ways to the Arabian Gulf region for our products. Thus, acquisition of the production facilities was a logical step towards improvement of our presence in the Middle East. GIPI’s products will be sold not only on Arabian Peninsula but in Africa, Central Asia and the Americas as well. In addition, we will be able to increase in the Middle East region our sales from Russian and Romanian plants.

GIPI plant was built in 2010 and has an annual capacity of over 200 thousand tonnes of welded OCTG and welded line pipes. At present, we are considering various pipe production development options for GIPI. Major consumers of TMK products are large oil and gas multinationals operating in the Gulf region. However, our development strategy of GIPI expects a considerable expansion of their sales geography as a result of integration into our global production and distribution network.

To benefit from vertical integration and further strengthen our position in the Middle East, we opened a service joint venture, Threading and Mechanical Key Premium LLC, in Abu Dhabi, UAE, in late 2012. The service centre will focus on repair of pipes and down-hole equipment and making threading connections on pipe columns for oil and gas companies operating in the Gulf region. The centre is scheduled for commissioning in Q2 2013.

As we intend to develop our service capacities and increase our share in the segment, we acquired pipe service and accessory manufacturing assets in Texas, USA, in April 2013. The assets are located near Houston and have an annual capacity of over 700 thousand threaded joints and ca. 250 thousand couplings. In addition, the facility provides pipe inspection services and manufactures a wide range of down-hole tools and accessories.

New service subsidiaries allow for quicker responses to customer needs, and contribute to stronger relations with TMK customers in the Middle East and the USA.

Services & Tools

My Annual Report

Tools