Saudi Steel Pipe wins SAR 133 mln Aramco contract

22/07/2018 Argaam

 

Saudi Steel Pipe Co. (SSP) has won a SAR 133 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 Sunday.

 

The Saudi-listed company added that production and the related financial impact of the deal will appear in Q4 of 2018 and Q1 of 2019. 

 

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

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