16
May
07:44
Aramco awards SSPC steel pipe supply contract
Saudi Steel Pipe Company (SSPC) has secured a SAR 138.6 million ($36.9m) contract to supply oil and gas pipes to Saudi Aramco. The contract was signed on 15 May and is for a 12-month period, with financial impact expected in the first and second quarters of fiscal year 2025, Kallanish notes.
No third parties are involved in the contract, Dammam-based SSPC says in a stock exchange filing.
The pipe manufacturer is a Saudi Aramco supplier that meets the localisation…
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Very good overview of the weekly steel market.
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