TenarisSaudiSteelPipes recently announced that it has bagged an order from Saudi Aramco worth USD 25.8 million, for the supply of oil and gas steel pipes. The contract duration is reportedly 13 months, and the financial impact of this contract is expected to be evident from the second quarter of 2024.
May 15, 2023
Steel pipe manufacturer TenarisSaudiSteelPipes has recently won the bid for a contract valued at USD 25.8 million (SAR 96.8 million) from Saudi Aramco. The contract consists of the supply of oil and gas steel pipes, with the contract duration of 13 months, TenarisSaudiSteelPipes shared with the Saudi stock exchange, Tadawul. The company anticipates that the financial impact of this contract will become evident from the second quarter of 2024.
Tenaris Saudi Steel Pipes is a leading manufacturer and supplier of electrically resistant welded steel pipes (ERW) for the energy, industrial, and construction segments of the Middle East and North Africa.
TenarisSaudiSteelPipes offers oil and gas customers a full range of products including Oil Country Tubular Goods (OCTG), Line pipe, API and Premium Connections and related accessories and services.