Saudi oil giant Aramco SA, amid stronger fundamentals in the hydrocarbon sector, has stepped up its cooperation with Saudi companies by placing several orders for steel tubes and pipes supply. Aramco has given out two new orders got supply of steel pipes for its oil pipelines to Arabian Pipes Co & Saudi Steel Pipe Company totaling SAR 118 million (USD 32 million)Aramco has placed an order worth SAR 60 million (USD 16 million) to Riyadh based Arabian Pipes Co to supply steel pipes. The contract will be valid for one year. Additionally Saudi Steel Pipe Company has signed a contract worth SAR 58 million with Aramco. Under the 12-month agreement, Saudi Steel Pipe will provide Aramco with oil and gas steel pipesSaudi Aramco has awarded two pipe supply contracts in May also. TenarisSaudiSteelPipes received a SAR 97 million (USD 26 million) order, while Arabian Pipes Company a SAR 100 million (USD 27 million) Both companies will supply items for oil and gas applications in ten monthsGlobal steel pipe leader Tenaris unit TenarisSaudiSteelPipes is one of the key welded pipe manufacturers in Saudi Arabia withy 360,000 tonnes per year capacity of welded pipesArabian Pipes Company has two factories in Saudi Arabia located in the Industrial City of Jubail & Riyadh with 300,000 tonnes per year & 160,000 tonnes per year capacities respectively
Saudi oil giant Aramco SA, amid stronger fundamentals in the hydrocarbon sector, has stepped up its cooperation with Saudi companies by placing several orders for steel tubes and pipes supply. Aramco has given out two new orders got supply of steel pipes for its oil pipelines to Arabian Pipes Co & Saudi Steel Pipe Company totaling SAR 118 million (USD 32 million)Aramco has placed an order worth SAR 60 million (USD 16 million) to Riyadh based Arabian Pipes Co to supply steel pipes. The contract will be valid for one year. Additionally Saudi Steel Pipe Company has signed a contract worth SAR 58 million with Aramco. Under the 12-month agreement, Saudi Steel Pipe will provide Aramco with oil and gas steel pipesSaudi Aramco has awarded two pipe supply contracts in May also. TenarisSaudiSteelPipes received a SAR 97 million (USD 26 million) order, while Arabian Pipes Company a SAR 100 million (USD 27 million) Both companies will supply items for oil and gas applications in ten monthsGlobal steel pipe leader Tenaris unit TenarisSaudiSteelPipes is one of the key welded pipe manufacturers in Saudi Arabia withy 360,000 tonnes per year capacity of welded pipesArabian Pipes Company has two factories in Saudi Arabia located in the Industrial City of Jubail & Riyadh with 300,000 tonnes per year & 160,000 tonnes per year capacities respectively
