Saudi Steel Pipe secures $13.4mln contract from Saudi Aramco

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Sep 10, 2023

Saudi Steel Pipe secures $13.4mln contract from Saudi Aramco

The contract term is five months Saudi Steel Pipe Company has signed a

The contract term is five months

Saudi Steel Pipe Company has signed a 50.2-million-Saudi-riyal ($13.39 million) agreement to supply oil and gas steel pipes to Saudi Aramco.

The contract term is five months, the company said in a statement to the Saudi stock exchange.

The financial impact is expected to materialise in the third quarter of 2023.

In September 2022, Aramco awarded the pipe producer a contract worth SAR149.8 million ($39.8 million).

(Writing by D Madhura; Editing by Anoop Menon)

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Saudi Steel Pipe secures $13.4mln contract from Saudi Aramco