06
Oct
10:47
Aramco contracts SSPC to supply pipe
Saudi Steel Pipe Company (SSPC) has secured a SAR 62.8 million ($16.7m) order to supply oil & gas pipe to Saudi Aramco. The contract was inked on 5 October and is for a ten-month duration, with financial impact to materialise in the third quarter of 2024, Kallanish notes.
No third party is involved in the contract, says Dammam-based SSPC in a bourse filing. In Q3, Aramco's orders from SSPC exceeded SAR 350m.
The pipemaker is a vendor of Saudi Aramco,…
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Very good overview of the weekly steel market.
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