14
Sep
15:03
Arabian Pipes wins another Aramco contract
Supporting local vendors through its In-Kingdom Total Value Add (IKTVA) programme, oil giant Saudi Aramco has awarded Arabian Pipes Company (APC) a SAR 204 million ($54.4m) steel pipe and coating services contract, Kallanish notes.
The contract was inked on 13 September, with the duration indicated as 16 months, says APC in a bourse filing.
According to the pipemaker, the financial impact of the contract will be felt from the first quarter of 2024 to Q2 2025.
Ov…
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Very good overview of the weekly steel market.
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