rinat akhmetov yacht

The owner of the Mariupol steel plant obliterated by Russian shelling is considering selling his unfinished superyacht

• Rinat Akhmetov owns the Azovstal steel plant in Mariupol that was obliterated by Russian shelling.
• The Ukrainian oligarch is now considering selling a 475-foot superyacht he ordered, his advisor told The NYT.
• Akhmetov is Ukraine's richest person, with a fortune estimated at $7.3 billion.

Rinat Akhmetov, the Ukrainian owner of the Mariupol steel plant that was obliterated by Russian shelling, is considering selling his unfinished superyacht, one of his advisers has said.

Akhmetov is awaiting delivery of a 475-foot yacht code-named Luminance, which is being built by luxury ship maker Lürssen in Germany, The New York Times reported.

Jock Mendoza-Wilson, director of international relations for Akhmetov's company System Capital Management, told The Times: "Given the current circumstances, we are considering its possible sale."

Related stories

Akhmetov has a net worth of $7.3 billion, according to Bloomberg's Billionaires Index . His Azovstal steel plant in Mariupol, Ukraine, was the focal point of a siege by Russian troops , which ended this week.

In late April, Akhmetov told Swiss newspaper Le Temps: "Mariupol has always been and will be a Ukrainian city. The Ukrainians are defending fiercely each and every inch of Ukrainian soil. I am proud that Azovstal is our stronghold of resistance."

Luminance's builder Lürssen also constructed the Scheherazade , a 459-foot vessel worth $700 million, which US officials have linked to Russian President Vladimir Putin. Luminance will be around 16 feet longer than Scheherazade, meaning its value could surpass $700 million.

A person who worked at a company helping to build Luminance told The Times that construction of the vessel carried on after Russia invaded Ukraine. Some of Akhmetov's family members had traveled within Europe to look over the building details of the yacht, the anonymous person told The Times.

Lürssen didn't immediately respond to a request for comment from Insider.

The movements of Russian oligarchs' yachts have come to the fore since the Ukraine war began and the West imposed sanctions on individuals with links to Putin. The European Union and the US have seized or detained several yachts from sanctioned Russian oligarchs.

• Main content

Not Roman Abramovich or Alisher Usmanov, but one of Ukraine’s wealthiest oligarch is building this magnificent 475 feet long megayacht for his. family. However, the billionaire is already considering the sale of the impending celebrity of the seas.

You may also like

The superyacht market isn’t just hot—it’s red hot. The billionaire owner of the NFL team Jacksonville Jaguars, who once was a dishwashing migrant, managed to sell his 312-foot yacht in record time, marking one of the biggest yacht deals of 2023.

Is this WhatsApp co-founder Jan Koum’s secretive 331-foot-long Feadship superyacht? It bears a striking resemblance to his $220 million Moonrise motoryacht, which is built by the same shipyard. Could this be the fifth addition to his magnificent fleet of vessels?

Along with his $1.3 billion megayachts Eclipse and Solaris, Roman Abramovich owned a rather modest $40 million superyacht. Incidentally, he passed the ownership of the 165-ft long vessel to his close friend exactly on the day Russia invaded Ukraine.

Perfect for a shale-oil tycoon – Inspired by Texas, this superyacht concept is longer than 3-Olympic sized swimming pools. It has a mechanical bull, a massive owner’s suite, and a secret ‘love crib.’

From floating palaces to engineering masterpieces, here are 9 of the best yachts that will be shown at the 2022 Monaco yacht show.

This UAE billionaire sheiks’ $450 million megayacht is so luxurious that eco-warrior Leonardo Di Caprio borrowed it twice. The Wolf of Wall Street star threw such a wild party that guests and crew were ‘sworn to secrecy’ before the party even started.

Jeff Bezos’ $500 million megayacht Koru is undergoing final sea trials off the coast of Spain, so the Amazon founder and his girlfriend Lauren Sanchez can soak up the sun on the 416-foot-long vessel this summer

Chinese vaccine tycoon’s ex-wife becomes an overnite billionaire with a record divorce settlement of $3.27 billion

Mystery Chinese millionaire buys four rare F1 cars with cryptocurrency

• Work & Careers
• Life & Arts

Become an FT subscriber

Limited time offer save up to 40% on standard digital.

• Global news & analysis
• Expert opinion
• Special features
• FirstFT newsletter
• Videos & Podcasts
• Android & iOS app
• FT Edit app
• 10 gift articles per month

Explore more offers.

Standard digital.

• FT Digital Edition

Premium Digital

Print + premium digital.

Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

• 10 additional gift articles per month
• Global news & analysis
• Exclusive FT analysis
• Videos & Podcasts
• FT App on Android & iOS
• Everything in Standard Digital
• Premium newsletters
• Weekday Print Edition

Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.

• Everything in Print
• Everything in Premium Digital

The new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.

Terms & Conditions apply

Explore our full range of subscriptions.

Why the ft.

See why over a million readers pay to read the Financial Times.

International Edition

Ukraine’s Billionaires Have Lost $10 Billion Since Russia’s Invasion

• Share to Facebook
• Share to Twitter
• Share to Linkedin

The seven Ukrainians on the 2022 World’s Billionaires List are $7 billion poorer than they were in 2021, with Revolut’s Vlad Yatsenko replacing chocolate mogul-turned-former president Petro Poroshenko.

ussia’s invasion has cost thousands of lives and destroyed some of Ukraine’s largest cities, all while laying waste to the country’s infrastructure. For Ukraine’s billionaires, many of whom own major assets in industries ranging from steel and coal to mining and banking, the devastation wrought by Putin’s armies has also caused major damage to their assets and significantly dented their fortunes.

It’s tough to value businesses during the fog of war, but—in collaboration with our partners at Forbes Ukraine —we estimate that Ukraine’s billionaires are worth a combined $11.9 billion. That’s down $7 billion from $18.9 billion on Forbes ’ 2021 World’s Billionaires list, published in March 2021, when chocolate magnate Petro Poroshenko was still a billionaire but before Vlad Yatsenko, cofounder of digital bank Revolut, joined the billionaire club. Collectively, Ukraine’s billionaires are down $9.7 billion, or 45%, from just before Russia’s invasion began on February 28. One reason they aren’t down even more is that several have a significant amount of their assets held outside of Ukraine.

Forbes found seven Ukrainian billionaires for this year’s World’s Billionaires list. One of the country’s most prominent tycoons, Petro Poroshenko, who served as Ukraine’s president from 2014 to 2019, dropped off the list. His net worth fell by more than half, to an estimated $700 million, as his confectionery firm Roshen lost an estimated 75% of its value and was forced to shutter two factories in Kyiv and nearby Boryspil due to the war.

In the days before the invasion, Ukraine’s richest people closed ranks with the government in Kyiv , with many flying back to the country to show their support. Some have also taken steps to help the war effort: Rinat Akhmetov, Ukraine’s richest person, told Forbes in an interview on March 10 that his industrial holding company System Capital Management (SCM) was "helping the army and territorial defense forces,” while Poroshenko donned a flak jacket and picked up a rifle in appearances on Western television.

Here are Ukraine’s billionaires and a primer on their fortunes and recent activities (net worths are as of the 2022 World’s Billionaires list, using stock prices and currency exchange rates from March 11, 2022):

Rinat akhmetov, net worth: $4.2 billion, source of wealth: steel, coal, change since the invasion: -$4.3 billion.

The son of a coal miner, who grew up to become Ukraine’s richest person, Akhmetov is the billionaire whose fortune has suffered the most from the war. He owns stakes in several industrial companies through SCM, and his largest holding is mining and steel firm Metinvest Group, one of the largest private firms in the country. Metinvest’s plants in the besieged city of Mariupol and in the frontline town of Avdiivka sustained damage from Russian attacks and the company declared force majeure on February 28. On March 31, Akhmetov said in a statement that SCM would file lawsuits against Russia for damages related to the invasion.

His next largest holding is in energy firm DTEK, which provided roughly 30% of Ukraine’s electricity before the war from a mixture of fossil fuels and renewable energy. DTEK was hit two days before the war when one of its coal-burning power plants in the eastern region of Luhansk—occupied by pro-Russian separatists since 2014—was shelled on February 22. DTEK said in a statement on March 29 that it has helped 900 people evacuate from Mariupol and the Russian-occupied city of Berdyansk. Beyond humanitarian help, Akhmetov’s businesses have also aided the war effort by producing more than 35,000 anti-tank obstacles called “hedgehogs.”

“I am in Ukraine and I am not going to leave the country. I share the same feelings with all Ukrainians: I am sincerely waiting for the victory of Ukraine in this war,” Akhmetov told Forbes on March 10. “And we will start to rebuild the country to make it happier and more prosperous. On my end, I will spare no expense or effort to achieve this goal."

While Akhmetov remains in Ukraine, his jets have been criss-crossing the globe. An Airbus A319 registered in Aruba with tail number P4-RLA flew from Dubai to Nice, France on March 31 and then to Hamburg, Germany on April 1; Akhmetov told Ukrainian newspaper Ukrainska Pravda that the jet was used by personal acquaintances who are not involved with the conflict in Ukraine. Two other planes linked to Akhmetov—a Dassault Falcon 7X registered in Aruba with tail number P4-SCM and another Dassault Falcon 7X registered in the Isle of Man with tail number M-SCMG—were last seen flying from Geneva, Switzerland to Budapest, Hungary on March 23 and in Farnborough in the U.K. on March 24, respectively, according to public flight data.

Victor Pinchuk

Net worth: $1.9 billion, source of wealth: steel pipes, diversified, change since the invasion: -$700 million.

Pinchuk draws part of his fortune from Interpipe, a producer of steel products he founded in 1990. Already devastated by the annexation of Crimea in 2014, which caused it to lose all of its business in Russia, Interpipe halted production and exports in late February after the invasion began. Pinchuk, who now has nearly $1 billion worth of real estate outside Ukraine and an estimated $600 million in cash and art, is one of Ukraine's most pro-Western billionaires. He hosts annual breakfasts focused on Ukraine at the World Economic Forum in Davos, Switzerland and organized and hosted a "Ukrainian lunch" at the Munich Security Conference on February 19, five days before Russian troops invaded Ukraine.

Vadim Novinsky

Net worth: $1.3 billion, source of wealth: steel, change since the invasion: -$2.2 billion.

Novinsky holds a minority stake in Akhmetov’s Metinvest. The Russian-born billionaire obtained Ukrainian citizenship in 2012 and later won election to the country’s parliament as a member of the pro-Russian Opposition Bloc party. While he had long been seen as one of Ukraine’s most Putin-friendly billionaires—he tried to jump-start negotiations with Russia before the invasion and fled the country as tensions rose—he returned to Kyiv before the outbreak of hostilities and visited Mariupol with his business partner Akhmetov on February 16 to demonstrate his commitment to the city and the cause.

Kostyantin Zhevago

Source of wealth: mining, change since the invasion: -$800 million.

Zhevago owns a majority stake in mining firm Ferrexpo. He took over its precursor, Poltava Iron Ore, and took it public on the London Stock Exchange in 2007. On February 25, the company declared force majeure for certain customers that received its iron ore pellets via ship from the port of Pivdennyi in southwest Ukraine, but stated that its mining and processing activities continued to operate. Ferrexpo established a $7.5 million humanitarian fund on March 7 that is providing housing, free meals, childcare support and medical supplies, among other services.

It’s unclear whether Zhevago, a member of Ukraine’s parliament from 1998 to 2019, is still in Ukraine himself. He owns a yacht named Z, registered in the Cayman Islands, which was last seen in the Red Sea on April 2 en route to the Egyptian resort town of Sharm El Sheikh. The yacht, valued at $62 million by yacht valuation experts VesselsValue, departed Dubai on March 25, where it had been moored for the annual Dubai Boat Show, which ran from March 9 to 13. A Bombardier BD700 jet linked to Zhevago , registered in the U.K. with tail number G-XXRS, was last recorded flying from Dubai to Luton, England on April 3, returning after flying to Dubai from Luton on March 13. A representative for Ferrexpo told Forbes he did not “actively track the whereabouts” of Zhevago and the firm’s non-executive directors and was not “in a position to disclose their locations.”

Henadiy Boholyubov

Net worth: $1.1 billion, source of wealth: banking, investments, change since the invasion: -$900 million.

Boholyubov cofounded PrivatBank, the largest commercial bank in Ukraine, with $1 million in capital in the early 1990s alongside fellow billionaire Ihor Kolomoyskyy. The Ukrainian government nationalized PrivatBank in 2016 to prevent its collapse after investigations pointed to large-scale fraud; in December 2017, the U.K. froze more than $2.5 billion in assets belonging to Kolomoyskyy and Boholyubov, siding with PrivatBank in a lawsuit against its former owners. Boholyubov now draws much of his fortune from the Privat Group, a conglomerate that owns interests in petrol stations and oil and gas, among other investments.

Vlad Yatsenko

Source of wealth: fintech, change since the invasion: none.

Yatsenko is the cofounder of London-based digital bank Revolut, which became the most valuable fintech company in the U.K. when it raised $800 million at a $33 billion valuation in July 2021. The deal also made Yatsenko a billionaire. The dual British-Ukrainian citizen runs the business with his cofounder, Nik Storonsky, who grew up in Russia but left at age 20 and is now a British citizen. (Storonsky’s father was born in Ukraine.) Yatsenko called Vladimir Putin “one of the most brazen liars in history” on the day of the invasion on February 24, and Revolut donated $2 million to the Ukrainian Red Cross.

Ihor Kolomoyskyy

Net worth: $1 billion.

Besides their investments in fossil fuels, Kolomoyskyy and his longtime partner Boholyubov own stakes in firms in the steel, iron and chemicals industries, as well as an electricity distribution business, sea ports and a Bitcoin mining operation. Formerly one of Ukraine's most pro-European oligarchs, Kolomoyskyy reportedly spent millions funding and equipping volunteer military battalions to help stop Russian troops in 2014. He also served as the governor of his native Dnipro region from March 2014 until March 2015, when he was fired by then-president Petro Poroshenko .

Kolomoyskyy was sanctioned by the U.S. State Department in March 2021 for corruption under his watch at the Dnipro region, and the U.S. Justice Department filed a civil forfeiture complaint against him and Boholyubov in January for alleged fraud and theft from PrivatBank.

An ally of President Volodymyr Zelensky—whose "Servant of the People" TV show once ran on Kolomoyskyy's TV network—Kolomoyskyy has been much quieter since Putin invaded on February 24. A Hawker 800XP jet linked to him, registered in Ukraine with tail number UR-PRT, flew to Kyiv from London on February 21. Two yachts identified as belonging to Kolomoyskyy by VesselsValue—the 214-foot Trident and the 180-foot Mustique, both registered in the Cayman Islands—were last seen in Tivat, Montenegro and Trogir, Croatia, respectively on April 4. Trident is worth at least $55 million and Mustique is valued at $18 million, according to VesselsValue.

MORE FROM FORBES BILLIONAIRES 2022

Main Picture

From left-to-right: Rinat Akhmetov, Victor Pinchuk, Vadim Novinsky

• Editorial Standards
• Reprints & Permissions

We've detected unusual activity from your computer network

To continue, please click the box below to let us know you're not a robot.

Why did this happen?

Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy .

For inquiries related to this message please contact our support team and provide the reference ID below.

• Bahasa Indonesia
• Slovenščina
• Science & Tech
• Russian Kitchen

Discovering the historic neighborhoods of Perm

Perm. Building of the Nobility Assembly, Siberia Street 20. August 1999

The city of Perm, a major industrial and administrative center located just on the European side of the northern Urals, extends for miles along the high east bank of the Kama River. It was a destination of particular interest for Russian photographer and chemist Sergei Prokudin-Gorsky (see box text below), who visited the city on his first trip to the Ural Mountains in 1909. 

Prokudin-Gorsky captured a series of riverfront vistas from the just-completed massive railroad bridge across the Kama. But he also took his tripod-mounted camera to the hillocks to the east of the city, where he photographed panoramic views of the central district that give a sense of Perm’s urban neighborhoods.

Panoramic view west from City Hillocks. From right: Monastery Street with Transfiguration Cathedral; Trading (now Soviet) Street with Church of St. Nicholas; Peter-Paul Street; Intercession (now Lenin) Street, with Church of Nativity of the Virgin. Summer 1909

My first visit to the Perm region occurred nine decades after Prokudin-Gorsky, in the summer of 1999. Subsequent trips, in 2014 and 2017, revealed a city marked by major new construction. 

The name “Perm” is documented as early as the 12th-century chronicle “Tale of Bygone Years” and is apparently derived from Finno-Ugric words pera ma , meaning "distant land." In the medieval period "Perm" designated territory in the northern Urals controlled by the economic power of Novgorod, whose hunters and traders reaped the bounty of its valuable furs. By the 17th century, much of the area belonged to the vast Stroganov holdings in the northern Urals.

Founded for industry          

The settlement of Perm originated in the early 18th century as part of the quest by Peter the Great to exploit ore deposits in the Ural Mountains. These raw materials provided secure sources of essential industrial-grade metals needed above all for the army. 

The guiding force in developing this area was Vasily Tatishchev (1686-1750), one of Russia's early professional historians. A scholar with a gift for practical activity, Tatishchev admired Peter the Great and was an influential proponent of the central role of autocrat and state in Russian history. 

During the 1720s, Tatishchev established settlements at mines, smelters, and metal-working plants throughout the Urals, including Yekaterinburg. In 1720, he chose the 17th-century village of Yegoshikha, located near the small Yegoshikha River, a tributary of the Kama. The stream is hardly visible in the ravine in the foreground of Prokudin-Gorsky’s rich panoramas.

Construction began on the main Yegoshikha factory on May 4, 1723, which is considered Perm’s founding date. The name “Perm,” however, was officially adopted only in 1781 after a command by Catherine the Great that transformed the factory settlement into an administrative center for the Urals. 

Because of its favorable location within the Volga River basin, Perm during the 19th century developed into a transportation center for salt and other minerals, ​as well as ​metal ore​ and the products of metal factories throughout the western Ural Mountains. In 1846 regular steamboat service appeared on the Kama. 

Expansion and development

Much of Perm burned during a fire in 1842, but the town quickly recovered. In 1863, Perm was included in the main Siberian highway, and in 1878, construction was completed on the first phase of the Urals Railroad from Perm to Ekaterinburg, part of a railroad construction boom that culminated in the early 20th century with the completion of the TransSiberian Railway. 

Perm’s growth at the turn of the 20th century was reflected in Prokudin-Gorsky’s overviews of the central city, with its belching smokestacks. Despite sweeping changes in the century following Prokudin-Gorsky’s visit, several of the buildings captured in his photographs remain. 

A historical record in images

Perm. Detail of view west from City Hillocks. Center: Bell tower and Church of St. Nicholas, attached to the Mariinsky Women’s High School. Right background: central fire station & watchtower. Summer 1909

The photograph richest in detail is a panoramic view taken due west from the city hillocks located to the east of the central district. On the far right is Monastery Street with its dominant landmark, the Transfiguration Cathedral, visible through the haze of industrial smoke. This street links a series of monuments surveyed in my previous Perm article . 

The next thoroughfare to the left was Trading (now Soviet) Street. Its main landmark (apart from a belching smokestack) is the bell tower and cupolas of the Church of St. Nicholas, built in 1895-99 to commemorate the marriage of soon-to-be-emperor Nicholas and Alexandra in 1894. The church was attached to the large Mariinsky Women’s High School. 

Church of St. Nicholas, attached to the Mariinsky Women’s High School. (Cupolas & bell tower demolished in Soviet period.) August 1999

With the establishment of Soviet power, the St. Nicholas bell tower and cupolas were demolished, and the entire building was converted for the use of the Agriculture Academy (now a university). My photographs from 1999 reveal that most of the basic red brick structure has survived. 

Dimly visible just beyond is the red brick watch tower of the central Perm fire station. Completed in 1883, the tower and its surrounding depot are still maintained in their original function, as my 1999 photograph shows. 

Central fire station & watchtower. August 1999

In the center of Prokudin-Gorsky’s photograph is a boulevard whose segments were called Great Nobility Street and Peter-Paul Street, the latter named after the Cathedral of Sts. Peter and Paul, a sliver of whose bell tower is at the photograph’s right edge. Built in 1757-64, it is the oldest surviving brick church in Perm. I have included my black-and-white photograph of the cathedral. (Its bell tower, destroyed in the Soviet period, has not yet been rebuilt.) Renamed Communist Street during the Soviet period, the entire boulevard is now called Peter-Paul Street.

Cathedral of St. Peter & Paul, southwest view. (Bell tower demolished in Soviet period.) August 1999

On the left of Prokudin-Gorsky’s panorama is Intercession (now Lenin) Street. In the distance is the bell tower steeple and dome of the Church of the Nativity of the Virgin (Lenin Street 48), built with merchant donations over a long period from 1787 to 1816.

Perm. Detail of view west from City Hillocks. Intercession (now Lenin) Street. Left: Church of St. Mary Magdalene. Right: Church of Nativity of the Virgin. Summer 1909

This second brick church in Perm was closed in 1928, its bell tower and cupolas were demolished and the structure was converted into a student dormitory. My photograph from 2014 shows the restored church without the bell tower, which was rebuilt at the end of the year. 

Church of Nativity of the Virgin (Lenin Street 48), northeast view. Its bell tower, demolished during Soviet period, had not yet been rebuilt at time of this view. It has now been rebuilt. June 2014

On the far left, two small green domes indicate the Church of St. Mary Magdalene (Lenin Street 11), built in a neoclassical style in 1889-92 as part of a large orphanage. Prokudin-Gorsky’s took two close views that are especially valuable in view of the structure’s subsequent history. In the 1930s the cupola and bell tower were demolished, and a third story was added — as seen in my 1999 photograph. The building now serves as the Institute of Ecology and Genetics.   

Church of St. Mary Magdalene, southeast view. Summer 1909

Former Church of St. Mary Magdalene. Dome & bell tower demolished with addition of third floor in 1930s. Now used for Institute of Ecology and Genetics (Lenin Street 11). August 1999

Revelations of past splendor

A bit farther down the same block is the splendid Gribushin mansion, hidden by the trees in Prokudin-Gorsky’s photograph. Originally built in 1895-97, the house was rebuilt in 1905 in a lavish baroque manner for the merchant Sergey Gribushin. Referred to in Boris Pasternak's novel Doctor Zhivago as the "house with statues" (in the town of “Yuriatin”), the mansion serves as the headquarters of the Urals Division of the Russian Academy of Sciences. 

Gribushin mansion. Now headquarters of Urals Division of the Russian Academy of Sciences (Lenin Street 13). August 1999

Gribushin mansion (repainted). June 2014

And if Prokudin-Gorsky and his assistants had maneuvered his bulky camera just three more blocks, to the intersection of Siberia and Ascension (now Lunacharsky) Streets, they would have photographed two more cultural monuments. On one side is the elegant neoclassical building of the Nobility Assembly, built by Ivan Sviyazev in 1832-37. 

Perm. Building of the Nobility Assembly, Siberia Street 20. August 21, 1999

On the other side of Siberia Street is the house built in 1852 and acquired in 1862 by Pavel Diaghilev, grandfather of the renowned impresario Serge Diaghilev, who spent much of his childhood there.

Diaghilev house (Siberia Street 33). Childhood home of Serge Diaghilev. August 1999

Prokudin-Gorsky’s photographs of pre-revolutionary Perm convey an invaluable sense of a provincial Russian city, with its mixture of traditional architecture and rapid industrial expansion. These richly detailed views of the city’s neighborhoods have become a unique record of a historic milieu that fades with each passing year. 

In the early 20th century the Russian photographer Sergei Prokudin-Gorsky devised a complex process for color photography. Between 1903 and 1916 he traveled through the Russian Empire and took over 2,000 photographs with the process, which involved three exposures on a glass plate. In August 1918, he left Russia and ultimately resettled in France where he was reunited with a large part of his collection of glass negatives, as well as 13 albums of contact prints. After his death in Paris in 1944, his heirs sold the collection to the Library of Congress. In the early 21st century the Library digitized the Prokudin-Gorsky Collection and made it freely available to the global public. A few Russian websites now have versions of the collection. In 1986 the architectural historian and photographer William Brumfield organized the first exhibit of Prokudin-Gorsky photographs at the Library of Congress. Over a period of work in Russia beginning in 1970, Brumfield has photographed most of the sites visited by Prokudin-Gorsky. This series of articles juxtaposes Prokudin-Gorsky’s views of architectural monuments with photographs taken by Brumfield decades later.

If using any of Russia Beyond's content, partly or in full, always provide an active hyperlink to the original material.

to our newsletter!

Get the week's best stories straight to your inbox

• Perm: Lord of the Northern Urals
• St. Nicholas Nadein: One of Yaroslavl’s great 17th-century churches
• U.S. professor continues photographic legacy of Prokudin-Gorsky in new book

This website uses cookies. Click here to find out more.

Switch language:

United Metallurgical Company (OMK)

You have successfully submitted your enquiry. Someone from our company will respond ASAP

Steel Pipes and Pipeline Components

United Metallurgical Company (OMK) is a leading Russian manufacturer of steel pipes for the offshore industry.

Press Releases

• Regional Offices
• Share on Linkedin
• Share on Facebook

Oil and gas pipeline services

Large-diameter pipes for offshore projects

Investments in pipe production facilities.

United Metallurgical Company is Replacing its Mill

The United Metallurgical Company (AO OMK) is in the process of upgrading all the existing OMK facilities that manufacture electrically welded OCTG tubulars and improving the product offering, as well as the quality of the oil and gas production pipe.

United Metallurgical Company Upgrades its Facilities

The United Metallurgical Company (AO OMK) continues with its large-scale investment program to revamp and upgrade its facilities in the oil and gas line pipe business unit.

OMK Upgrades Casing Production and Product Offering

AO OMK continues pursuing its expansion programme for the small and medium-sized pipe business launched in 2016. It includes upgrades, renovations and revamps of the existing facilities and construction of new ones.

OMK Announces Upgrades for OCTG Manufacturing Facilities

In keeping with the oil and gas companies' ever-increasing requirements related to the quality of well construction material, the United Metallurgical Company (AO OMK) made a decision to proceed with a large-scale investment program to upgrade and revamp existing and to build new facilities to manufacture oil and gas line pipe at Vyksa Steel Works (AO VSW).