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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Business & Economy
arabian pipes

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