Shifting sanctions force Russia’s TMK into different markets; company plans U.S. layoffs
TMK Group, a major supplier of oil and gas pipeline around the world, is looking eagerly toward increased business in Iran as sanctions against the country are removed following the implementation of the Iran Nuclear Deal. The company believes about 20% of global oil brought to the surface at one point or another flows through a TMK tube, reports The Wall Street Journal.

Following the shale boom in the United States, TMK began to expand its presence in ...

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