Saudi Steel Pipe wins SAR 74 mln contract from Aramco

03/04/2016 Argaam

Saudi Steel Pipe Co. (SSP) has been awarded a SAR 74 million contract to supply welded steel pipes to Saudi Arabian Oil Co. (Saudi Aramco) for lining oil and gas wells.

 

The steel will be secured locally from Saudi Basic Industries Corp. (SABIC), the company said in a bourse statement.

 

Financial impact will be reflected on Q3 and Q4-2016 results.

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