Saudi pipe manufacturer Arabian Pipes Company (APC) announced that it has received a new contract from domestic oil and gas company Saudi Aramco for the production and supply of steel pipes.
Accordingly, the contract is worth approximately 94 million Saudi riyals ($25.06 million), strengthening APC's position in the domestic oil and gas supply chain. gas.
Under the terms of the contract, APC will supply pipes to Aramco within nine months. According to the company, the financial impact of this contract is expected to be reflected in the third and fourth quarters of 2026.
