East Pipes inks SAR 196 mln supply contract with Petrojet

22/01/2023 Argaam

East Pipes inks SAR 196 mln supply contract with Petrojet

Logo of East Pipes Integrated Company for Industry

East Pipes Integrated Company for Industry sealed today, Jan. 22, a supply contract with Petroleum Projects and Technical Consultations Co. (Petrojet), at an estimated value of SAR 196 million (inclusive of value-added tax).

 

In a Tadawul statement, the steel pipe maker said the agreement, which entails the supply of steel water transmission pipelines to Petrojet, is valid for eight months.

 

There are no related parties, the company added, explaining that the relevant financial impact is set to appear in Q1 and Q2 2023/24.

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