TMK Shareholders to Approve Annual Dividend

20.05.2008 (16:40)

TMK's Board of Directors has recommended that its shareholders approve the payment of RUB 1.03 (approx. USD 0.043) per common share with a par value of RUB 10 (approx. USD 0.42), or roughly USD 0.17 per GDR, as dividend for 2007, the Russian oil and gas pipe producer's press office reported today according to RBC.

The total payout is expected to amount to RUB 899.191m (approx. USD 37.9m). The record date for participation in the annual shareholders meeting and the payment of dividend was set for May 15. The meeting has been scheduled for June 27 and will be held according to a standard agenda.

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TMK to Ship 20,000 Tonnes Casing Pipe to ONGC in 2009-2010

07.11.2008 (12:21)

Russia's TMK, one of the world's top-three oil and gas industry pipe producers, has won a contract to supply India's Oil & Natural Gas Corp. (ONGC) with 20,000 tonnes of casing pipes in 2009-2010, TMK said according to Interfax.

TMK Successfully Placed Its Second Eurobond Issue

28.07.2008 (16:03)

TMK, one of the world’s largest oil and gas pipe producers and the market leader of the Russian pipe industry, successfully issued a US$ 600 million 3 year Eurobond due in July 2011 with 10 percent annual coupon.

TMK Sees Fall in Pipe Shipments

18.07.2008 (17:45)

TMK's pipe shipments decreased 5 percent to 1.495m tonnes in the first half of 2008, Russia's largest manufacturer and exporter of steel pipes said according to RBC .

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