Saudi Steel Pipe wins SAR 58 mln supply contract with Saudi Aramco

30/06/2022 Argaam

Logo of Saudi Steel Pipe Co.

Saudi Steel Pipe Co. won today, June 30, a contract worth SAR 58 million for the supply of oil and gas steel pipes to Saudi Aramco, according to a bourse filing.

 

Under the contract, the company will conduct purchase orders to supply Saudi Aramco with oil and gas steel pipes over 12 months.

 

The financial impact of this agreement is expected to materialize between Q4 2022 and Q1 2023, Saudi Steel Pipe said.

 

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