Saudi Steel Pipe wins SAR 245 mln contract from Saudi Aramco

11/07/2017 Argaam

Saudi Steel Pipe Co. (SSP) landed a contract worth over SAR 245 million to supply Saudi Arabian Oil Co. (Saudi Aramco) with steel casing pipes, the company said in a statement to Tadawul on Tuesday.

 

The contract will begin in Q4 2017 and its financial impact will show in the first three quarters of 2018, it added. 

 

The new award is the pipe manufacturer’s second project with the state-run oil giant this year, after winning a SAR 97 million contract in May this year, according to Argaam data. 

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