Saudi Steel Pipe unit lands $243m Aramco supply contract
RIYADH, 27 days ago
Saudi Steel Pipe Company has announced that one of its key units has secured a SAR910 million ($243 million) order from Saudi oil giant Aramco for the supply of Longitudinal Submerged Arc Welding (LSAW) pipes.
As part of the contract, its consolidated subsidiary, Global Pipe Company, will supply LSAW pipe for the accelerated carbon capture and storage hub being set up by Aramco in Jubail, said Saudi Steel Pipe in its filing to the Saudi bourse.
The entire work will be completed within a 15-month period.
The financial impact is expected to materialize partly in the second semester of 2025 and partly the first semester of 2026, it added.
This comes close on the heels of SSP's SAR138 million contract win last year from Aramco for supply of oil and gas steel pipes for a key project in the kingdom.
Saudi Steel Pipe is a leading manufacturer and supplier of electrically resistance welded steel pipes for the energy, industrial and construction segments in the Middle East and North Africa region.-TradeArabia News Service
