TMK

"TMK, Russia’s largest manufacturer of steel pipes for the oil and gas industry, is in talks to supply Iran’s oil and gas sector as the Islamic Republic ramps up production following the lifting of international sanctions, the company’s senior vice president said Wednesday. 'We have a program under way to supply some pipes through spot sales and are working on a longer-term contract which could include pipes to transport oil and gas as well as produce it,' Vladimir Shmatovich, senior vice president for strategy and business development at TMK. 'Iran is a very important market for us,' he said. The move shows the potential for Iran to have better access to more modern equipment to refurbish its aging oil industry. It also highlights how Russian companies retain a competitive advantage there despite the opening of the country to Western suppliers since sanctions on Iran were lifted in January. TMK was a major supplier of pipes to Iran’s oil industry before sanctions were imposed." (Wall Street Journal, “Russian Maker of Steel Pipes in Talks to Supply Iran’s Oil Industry,” 3/9/2016) (http://www.wsj.com/articles/russias-tmk-in-talks-to-supply-iran-with-pipes-for-oil-industry-1457527537)

According to 2018 press release on TMK's website: "TMK was represented by a delegation led by Vladimir Shcherbatykh, head of the Company’s Middle East division. (https://www.tmk-group.com/PressReleases/3373)

"Russian Pipeline Major TMK Swings Away from the U.S. Toward Opportunity in Iran" (February 10, 2016).   (https://www.oilandgas360.com/russian-pipeline-business-swings-away-from-the-u-s-toward-opportunity-in-iran/)

The trip covered seven countries – Saudi Arabia, Jordan, Lebanon, Iran, Bahrain, Qatar, and Oman. Throughout the trip, TMK held meetings in which its representatives highlighted opportunities offered by the Company to potential partners. They focused in particular on purchase customization of TMK’s tubular products and developing new products for certain customers, and offering advanced staff training opportunities to Middle Eastern companies held at TMK plants."