Russia's TMK signs supply deal with India's ONGC

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MOSCOW | Fri Nov 7, 2008 3:44am EST

MOSCOW Nov 7 (Reuters) - TMK (TRMK.MM), Russia's largest producer of steel pipes for the energy sector, said on Friday it had signed a deal to supply pipes to India's largest oil producer, Oil and Natural Gas Corp (ONGC) (ONGC.BO).

Under the deal, TMK (TRMKq.L) will supply ONGC with around 20,000 tonnes of seamless casing pipe over the next two years, the company said in a statement. The pipes will be produced at the company's Volzhsky mill.

TMK did not disclose the value of the deal.

On Thursday, the company also said it had won a tender to supply pipes to Turkmenistan's national gas company [ID:nL6300981]. (Reporting by Maria Kiselyova)

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