August 22, 2019 / 5:06 PM / 4 months ago

Italy's Tenaris wins $1.9 billion contract with Abu Dhabi's ADNOC

FILE PHOTO: The building of Tenaris company is seen at the UFRJ Technology Park in Rio de Janeiro, Brazil, June 7, 2016. REUTERS/Pilar Olivares

MILAN (Reuters) - Italian steel pipe maker Tenaris (TENR.MI) has won a 5-year contract worth $1.9 billion (£1.5 billion) to supply tubulars and services to Abu Dhabi National Oil Company (ADNOC), the company said on Thursday.

The contract includes the supply of a full array of steel grades and connections to support ADNOC’s onshore and offshore E&P expansion projects, Tenaris said.

The contract may be extended for another two years, it added.

Reporting by Giulio Piovaccari; editing by Pamela Barbaglia

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below