Saudi Steel Pipe has signed a contract with Aramco for the supply of oil and gas pipes for $ 19.4 million.

Saudi Steel Pipe Company (SSP), based in Saudi Arabia, operating under the TenarisSaudiSteelPipes brand, announced that it had received an order from Saudi Aramco for the supply of steel pipes for the oil and gas industry in the amount of about 72.8 million Saudi riyals ($19.4 million).

Financial impact expected in 2027

The contract, concluded and signed on September 28, is designed for up to 12 months. According to the disclosure on the Saudi Stock Exchange, its financial implications should be reflected in the company's results for the second half of 2027.

As previously reported by SteelOrbis, the company has already signed contracts with Aramco for the supply of oil and gas pipes worth 127 million Singapore ringgit ($33.86 million) and 65 million Singapore ringgit ($17.33 million). They were reported in March and June of this year, respectively, and are expected to affect financial results in the first half of 2027.