Riyadh – Mubasher: Arabian Pipes Company won on Thursday a SAR 9 million ($2.4 million) contract to supply steel pipes to Saudi Aramco Company for lining oil and gas wells, according to a bourse filing released Sunday.
The company said that supplying will start during the third quarter of 2016 from the company’s factory in Riyadh, and expected the financial impact of the deal to appear in Q3-16.
Arabian Pipes recently clinched a contract worth SAR 73 million ($19.47 million) for supplying 167km of welded steel pipes to Saudi Aramco.
Also, the company was awarded a contract valued at SAR 42 million ($11.20 million) last February for supplying 76 KM of welded steel pipes to Al Robaya Holding Company.
