Saudi Steel Pipe associate wins SAR 141 mln Aramco contract

17/05/2018 Argaam

 

Saudi Steel Pipe Co. (SSP) on Thursday said its 35 percent owned associate firm, Global Pipe Co., has won a contract valued around SAR 141 million to supply Saudi Arabian Oil Co. (Saudi Aramco) with steel casing pipes.

 

The production starts from Q4 2018 and continues until Q1 2019, SSP said in a statement to Tadawul.

 

The financial impact will reflect in Q2 2018, the statement added.

 

Global Pipe is a Saudi-German joint venture with a total investment of SAR 660 million.

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