Saudi oil giant Aramco has given out new order for supply of steel pipes for its oil pipelines to Saudi Steel Pipe Company worth almost SAR 150 million (USD 40 million). The contract was inked on 21 September and is valid for 15 months.Aramco had earlier awarded similar contracts in 2022 to Saudi Steel PipeMay 2022 – SAR 100 million (USD 27 million)July 2022 - SAR 58 million (USD million)With the latest order, the orders total SAR 308 millionTenarisSaudiSteelPipes is a leading manufacturer and supplier of electrically resistance welded steel pipes for the energy, industrial, and construction segments of the Middle East and North Africa. Its facilities are located in the Second Industrial City of Dammam, in addition to a commercial office in Riyadh and a service and distribution network covering more than 20 countries. TenarisSaudiSteelPipes offers oil and gas customers a full range of products including Oil Country Tubular Goods, Line pipe, API and Premium Connections and related accessories and services. It also serves customers in the industrial and construction segment with a wide range of black and galvanized pipes.Global supplier of steel tubes Tenaris had acquired 47.8% of Saudi Steel Pipe’s shares in a USD 141 million deal in 2019.
Saudi oil giant Aramco has given out new order for supply of steel pipes for its oil pipelines to Saudi Steel Pipe Company worth almost SAR 150 million (USD 40 million). The contract was inked on 21 September and is valid for 15 months.Aramco had earlier awarded similar contracts in 2022 to Saudi Steel PipeMay 2022 – SAR 100 million (USD 27 million)July 2022 - SAR 58 million (USD million)With the latest order, the orders total SAR 308 millionTenarisSaudiSteelPipes is a leading manufacturer and supplier of electrically resistance welded steel pipes for the energy, industrial, and construction segments of the Middle East and North Africa. Its facilities are located in the Second Industrial City of Dammam, in addition to a commercial office in Riyadh and a service and distribution network covering more than 20 countries. TenarisSaudiSteelPipes offers oil and gas customers a full range of products including Oil Country Tubular Goods, Line pipe, API and Premium Connections and related accessories and services. It also serves customers in the industrial and construction segment with a wide range of black and galvanized pipes.Global supplier of steel tubes Tenaris had acquired 47.8% of Saudi Steel Pipe’s shares in a USD 141 million deal in 2019.
