SSP wins SAR 174 million supply contracts

29/10/2013 Argaam

The Saudi Steel Pipes company announces that it won (on October 29, 2013) two contracts from Aramco.

 

Under the first contract, the company will supply welded pipes for coating oil and gas wells. Contract value is SAR 168 million. The second contract is valued SAR 6 million.

 

The quantities for the two contracts will be covered in H2, 2014.

 

The pipes will be manufactured at the company’s plant at Dammam Second Industrial City. A positive financial effect is expected in Q4, 2014 and Q1, 2015

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