Saudi Steel Pipe wins SAR 189.9 mln supply contracts from Aramco

15/11/2021 Argaam

Logo of Saudi Steel Pipe

Saudi Steel Pipe Co. (SSP) announced today, Nov. 15, that it secured orders worth SAR 189.9 million for the supply of oil and gas steel pipes to Saudi Aramco. 

 

The company said in a bourse filing that the 18-month contracts were signed on Nov. 14. 

 

The financial impact of these orders is expected to materialize in the period between the second half of 2022 and first half of 2023. 

 

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

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