Tubacex secures its largest ever 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, the first manufacturing facility for OCTG manufacturing in the Middle East, expected to be operational in 2024. This award builds on other multi-annual contracts signed in recent weeks for the manufacturing of umbilical, nuclear and aerospace tubes, giving TUBACEX a total backlog of more than EUR 1.5 billion.
The agreement was signed in Abu Dhabi during the “Make it in the Emirates” forum that brought together the largest industrial companies and investors in the United Arab Emirates to share their development plans and boost local manufacturing investment.
ADNOC is one of the world’s leading energy companies wholly owned by the Emirate of Abu Dhabi. It has an ambitious plan to grow its production capacity while maximizing the value of the Emirate’s vast energy reserves in support of the UAE’s economic growth and diversification.
TUBACEX has focused its strategy on getting closer to the end user, becoming a long-term strategic partner for the comprehensive supply of CRA OCTG solutions (with high resistance to corrosion), which includes tubes and threads, as well as other complementary services (logistics, stock management and downhole technical services) for gas extraction and production.
