Saudi Aramco awards $16m steel pipes deal to homegrown pipe producer

The contract will be valid for a year (Shutterstock)
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RIYADH: Saudi Steel Pipe Co. has been awarded a deal worth SR58 million ($16 million) for the supply of oil and gas steel pipes to oil giant Aramco.

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

The company expects the transaction to impact its financial statements starting from the last quarter of the year.