Economy
Saudi Aramco awards $27m contract to homegrown pipe manufacturer
Follow-ups -eshrag News:
Mon, 2022-05-23 09:14
RIYADH: Saudi oil giant Aramco has awarded a contract worth SR100 million ($27 million) to homegrown Arabian Pipes Co. for the supply of steel pipes.
The contract will be valid for 10 months, the Riyadh-based pipe manufacturer said in a statement to the Saudi stock exchange.
Arabian Pipes expects the transaction to impact its financial statements during the first half of 2023.
Most recently, Aramco had entered into a deal with Saudi Steel Pipe Co. to provide oil and gas pipes at a value of SR97 million.
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arabian pipes
Contract
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