The Saudi Steel Pipes company announces that it won (on March 4, 2013) two contracts from Aramco to supply welded steel pipes for coating oil and gas wells.
The value of contracts exceeds SAR 125 million.
The two contracts are a continuation of previous Aramco contract awarded in August and December of last year, which will start shipping as of December 2012.
Production will continue on a monthly basis till the end of current year.
The pipes will be manufactured at the company’s plant at Dammam Second Industrial City in Q4, 2013. A positive financial effect is expected in Q4, 2013 and Q1, 2014.
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