Saudi Steel Pipe awarded SAR 94.7 mln supply contract by Uruguay's Tenaris Global

31/07/2022 Argaam
Logo ofSaudi Steel Pipe Co.

Logo of Saudi Steel Pipe Co.

Saudi Steel Pipe Co. (SSP) signed today, July 31, a contract worth SAR 94.7 million for the supply of oil and gas steel pipes to Uruguay-based Tenaris Global Services, according to a bourse filing.

 

It added that the contract stipulates that purchase orders for pipes will be supplied within five months.

 

The company also said that the financial impact of these orders is expected to materialize in the last quarter of 2022 and the first quarter of 2023.

 

It noted that Tenaris Global Services is a related party.

 

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