|22 August, 2019

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

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

ADNOC assigned AA+ Standalone and AA Long-Term Issuer Default Credit Rating by Fitch. Image used for illustrative purpose.

ADNOC assigned AA+ Standalone and AA Long-Term Issuer Default Credit Rating by Fitch. Image used for illustrative purpose.

ADNOC / Handout via Zawya

MILAN - Italian steel pipe maker Tenaris has won a 5-year contract worth $1.9 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) ((giulio.piovaccari@thomsonreuters.com; +39 02 6612 9743; Reuters Messaging: giulio.piovaccari.thomsonreuters.com@reuters.net))

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