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Saudi Steel Pipe awarded SAR 72m contract from Aramco

Saudi Steel Pipe awarded SAR 72m contract from Aramco
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SSP
1320
-0.50% 47.54 -0.24
SAUDI ARAMCO
2222
-0.30% 26.16 -0.08

Riyadh – Mubasher: Saudi Steel Pipe Company has been awarded a SAR 72.80 million contract by Saudi Aramco for the supply of oil and gas steel pipes.

The agreement, which was both awarded and signed on 28 September 2026, carries a duration of up to 12 months.

Under the terms of the deal, Saudi Steel Pipe will provide specialized piping infrastructure to support the national oil company’s operations.

The company expects the financial impact of this contract to be reflected in its accounts during the second half (H2) of 2027.

Saudi Steel Pipe confirmed that there are no related parties involved in the transaction. This latest award underscores the company's ongoing role as a key supplier to the Kingdom’s energy sector.

In July, the two companies penned a SAR 92.70 million agreement that involved the provision of specialized piping infrastructure to the state energy producer.