Saudi Arabian pipe manufacturer TenarisSaudiSteelPipes, formerly known as Saudi Steel Pipe Co. (SSP), has announced the receipt of a supply order worth about 65 million Saudi riyals ($17.33 million) from Saudi oil giant Saudi Aramco.
According to the company's statement, the order covers the supply of steel pipes for Saudi Aramco oil and gas. The contract will be valid for up to 12 months. The company said the financial impact of the order is expected to affect its results in the second quarter of fiscal year 2027.
SteelOrbis previously reported that TenarisSaudiSteelPipes has signed another contract worth 127 million Saudi riyals (33.86 million US dollars) with Saudi Aramco for the supply of steel pipes for the oil and gas industry, with financial implications expected in the first half of 2027. 2027.
According to the latest order, the total value of the contracts signed between TenarisSaudiSteelPipes and Saudi Aramco is approximately 192 million Saudi riyals (51.19 million US dollars).
