TMK IPSCO Announces Opening a New Sales Office in Canada

DOWNERS GROVE, Ill., July 28 /PRNewswire-FirstCall/ -- Steel tubular manufacturer TMK IPSCO announced today that it will open a Sales Office in Calgary, Alberta Canada on August 2, 2010. The new office will serve as TMK IPSCO's Canadian headquarters for sales and will support TMK IPSCO's commitment to better service its cross border customers with value added sophisticated products for both conventional and unconventional hydrocarbon exploration and development.

The Sales Office, which is located in the Suncor Energy Centre at #3000, 150 – 6th Avenue in Calgary, will be managed by Dmitry Butorin, Director of Sales – Canada. Mr. Butorin has extensive experience with TMK, both in the US and Russia. Mr. Butorin will work closely with John Kearsey, Sales Manager. Mr Kearsey is a veteran of OCTG pipe sales in Canada. Prior to joining TMK IPSCO, Kearsey was President of 45 Business Development, LTD., a Calgary based tubular products sales and marketing company. Messrs. Butorin and Kearsey can be reached at the TMK IPSCO Sales Office number - 403 538 2182.

Piotr Galitzine, TMK IPSCO's Chairman, commented, "The new Sales Office in Calgary is an important step in TMK's continuing growth as a global company and world class pipe manufacturer. This new Calgary Office will further enhance our ability to support our customers in the development of the oil sands in Western Canada."

In announcing the new Sales Office, Scott Barnes, Vice President and Chief Commercial Officer, said, "TMK IPSCO supports the development of unconventional energy sources such as the oil sands and gas shales as well as conventional sources of oil and natural gas. We service end users in both Canada and the US. Our company is familiar with the demands of the Canadian market due to IPSCO's long history there and TMK's extensive global experience operating in harsh weather environments and conditions. The Calgary Sales Office is one more step in our growth as we expand our geographic footprint and deliver energy tubulars and high value niche products, including premium connections, to our customers."

Vicki Avril, TMK IPSCO's President and CEO, added, "As a company, we go where our customers need us. This new Canadian Sales Office is just another example of TMK IPSCO positioning our business close to our customers. We are committed to the Canadian market and we are excited to bring the IPSCO name back to Canada, where it began."

TMK IPSCO operates in North America as a division of TMK, one of the three global market leaders in energy pipe production. TMK operates twenty three production facilities around the world. TMK product offerings include a wide range of seamless and welded energy tubular products including oil & gas drill pipe, well casing and tubing, line pipe, LD pipe, standard pipe, hollow structural sections and related services. TMK also manufactures premium connections for oil and natural gas drilling and production under the ULTRA™ and TMK Premium brand names.

TMK is one of the world's leading manufacturers and suppliers of steel pipes for the oil and gas industry.  TMK operates 23 production sites in the United States, Russia, Romania and Kazakhstan. TMK has the world's largest steel pipe production capacity, of which about half is dedicated to the production of high margin oil country tubular goods (OCTG). In 2009, TMK supplied customers in more than 65 countries.

TMK's ordinary shares are listed on the RTS and MICEX stock exchanges in Russia. Its GDRs are traded on the London Stock Exchange and ADRs on the OTCQX International Premier trading platform in the US.

www.tmk-ipsco.com

www.tmk-group.com

SOURCE TMK IPSCO