Saudi Steel Pipe seals SAR 150 mln supply contract with Aramco

21/09/2022 Argaam
Logo ofSaudi Steel Pipe Co.

Logo of Saudi Steel Pipe Co. 

Saudi Steel Pipe Co. signed a contract worth almost SAR 149.8 million with Saudi Aramco to supply the latter with oil and gas steel pipes, according to a bourse statement.

 

The contract was inked today, Sept. 21, and is valid for 15 months.

 

The relevant financial impact will appear in the second and third quarters of 2023.

 

There are no related parties to the deal, the pipe manufacturer added.

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