10
Nov
12:14
Arabian Pipes bags Aramco pipe supply deal
Saudi Aramco has awarded Arabian Pipes Company (APC) with a SAR 305 million ($81.3m) pipe supply contract, Kallanish notes.
The contract was signed off on 9 November, with the contract duration indicated as 12 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.
APC owns and operates two mills, one in Riyadh with a 160,000 tonnes/year capacity…
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