Arab News, Thursday, Sep 22, 2022 | Safar 26, 1444
Saudi Aramco awards $40m steel pipes contract to homegrown producer
Saudi Arabia:
Saudi Aramco has awarded a deal worth
SR149.8 million ($40 million) to Saudi Steel Pipe Co. for the supply of oil and
gas steel pipes.
Saudi Steel Pipe expects to see financial impact
from its new order in the second and third quarters of 2023, it said in a bourse
filing.
In May, the pipe producer signed a 10-month
contract worth SR97 million with Saudi Aramco to supply the latter with oil and
gas steel pipes.
Meanwhile, in June it won a contract worth SR58
million to supply oil giant Aramco with steel pipes for oil and gas extraction