Aramco awards $26m steel pipes deal to Saudi pipe manufacturer

Aramco awards $26m steel pipes deal to Saudi pipe manufacturer
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Updated 22 May 2022
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Aramco awards $26m steel pipes deal to Saudi pipe manufacturer

Aramco awards $26m steel pipes deal to Saudi pipe manufacturer

RIYADH: Saudi Steel Pipe Co. was awarded a deal worth SR97 million ($26 million) for the supply of oil and gas steel pipes to oil giant Aramco.

The contract will be valid for 10 months, a statement by the pipe manufacturer revealed.

The company expects the transaction to impact its financial statements in the first half of 2023.