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Saudi Aramco awards 2 steel pipe supply contract worth $55mln

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Nov 17, 2023

Saudi Aramco awards 2 steel pipe supply contract worth $55mln

Contracts awarded to local manufacturers Oil giant Saudi Aramco has awarded

Contracts awarded to local manufacturers

Oil giant Saudi Aramco has awarded steel pipe manufacturing and supplying contracts worth 206.1 million Saudi riyals ($54.95 million) to two Saudi-listed companies. East Pipes Integrated Company for Industry bagged a SAR93 million contract for manufacturing and supplying steel pipes to Aramco, the company said in a statement to the Saudi stock exchange. The duration of the contract is eight months. Separately, Group Five Pipe Saudi Company won a SAR113.1 million contract to manufacture and supply spiral-welded steel pipes for Aramco's project in the Eastern Region, it said in an Arabic statement to the Saudi bourse. The duration of the contract was not given. (Writing by D Madhura; Editing by Anoop Menon)

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