TUBACEX secures an award with Abu Dhabi National Oil Company (ADNOC) worth in excess of 30,000 tons over ten years for the supply of comprehensive solutions for gas extraction in the Middle East. As part of the award, TUBACEX will build a new tube and thread manufacturing plant in Abu Dhabi, expected to be operational in 2024. TUBACEX becomes a long-term strategic partner for the comprehensive supply of CRA OCTG solutions, which includes tubes and threads, as well as other complementary services for gas extraction and production. The forthcoming construction of a plant in Abu Dhabi will guarantee the reliable supply for large-scale projects, and strengthens TUBACEX’s positioning and commitment in the Middle East.
With this new plant, the company will have three production facilities in the region, in Abu Dhabi, Saudi Arabia and Dubai, where it also has service centers and sales offices.
By signing this strategic agreement, TUBACEX has accelerated its diversification plan, aligned with the decarbonization demands, in which gas plays a key role in the energy transition towards green power and lower carbon.
