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

Reuters
The building of Tenaris company is seen at the UFRJ Technology Park in Rio de Janeiro

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)