Saudi Steel lands contract

Share
1 min read
The logo of Aramco at the entrance of its main building in Riyadh. (AFP)
Share
  • Saudi Steel Pipe Co. said, in a bourse filing, that it expects to see financial impact from its new order in the second and third quarters of 2023
  • The pipe producer, in May, signed a 10-month contract worth $25.86 million with Saudi Aramco to supply the latter with oil and gas steel pipes

Riyadh, Saudi Arabia— Aramco of Saudi Arabia has awarded a $40 million contract to Saudi Steel Pipe Co. for the supply of oil and gas steel pipes.

Saudi Steel Pipe Co. said in a bourse filing, that it expects to see financial impact from its new order in the second and third quarters of 2023.

The pipe producer, in May, signed a 10-month contract worth $25.86 million with Saudi Aramco to supply the latter with oil and gas steel pipes.

A month later, it won another contract worth $15.46 million to supply oil giant Aramco with steel pipes for oil and gas extraction.

SPEEDREAD


Today's Headlines

The most important news stories of the day, curated by Post editors and delivered every morning.

Google reCaptcha: Invalid site key.

By signing up you agree to our Terms of Use and Privacy Policy.

MORE FROM THE POST