Saudi Steel Pipe wins SAR 110 mln Aramco contract

09/11/2016 Argaam

Saudi Steel Pipe Co. (SSP) has won a SAR 110 million contract to supply state-owned Saudi Aramco with steel pipes used in oil and gas wells, the company said in a statement to Tadawul on Wednesday.

 

The raw materials will be secured locally from Saudi Basic Industries Corp. (SABIC).

 

SSP added that production and the related financial impact of the deal will be in Q2 and Q3 of 2017. 

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