17
Nov
07:03
Aramco pipe procurement accelerates with TenarisSaudiSteelPipe contract
TenarisSaudiSteelPipe Company has been awarded by oil giant Saudi Aramco a steel pipe supply contract valued at SAR 189.9 million ($50.6m), Kallanish notes.
The contract was signed off on 14 November, with the duration indicated as 18 months, according to a bourse filing.
The financial impact and the relevant period of the contract will be from the second quarter of 2022 until Q2 2023, the pipemaker adds.
Aramco previously also awarded Arabian Pipes Company (APC…
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Anonymous
Very good overview of the weekly steel market.
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