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25 Oct
12:30

Arabian Pipes contract awards exceed SAR 1 billion

Oil giant Saudi Aramco has awarded Riyadh-based Arabian Pipes Company (APC) with a SAR 22 million ($5.86m) steel pipe supply contract, Kallanish notes. During the first nine months of 2022, APC was awarded only by Aramco four steel pipe supply contracts with a total value of SAR 583m. McDermott Arabia Company awarded a SAR 450m contract at the beginning of October. The financial impact will mostly appear from the beginning of the first quarter of 2023. …
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