26
Mar
07:06
Aramco cancels East Pipes contract
Saudi Arabia's East Pipes Integrated Company for Industry (EPIC)’s contract with Saudi Aramco, worth SAR 153 million ($40.8m), was cancelled at the request of the Saudi oil giant.
The news came four days after the pipemaker announced the signing of a steel pipe supply contract with Saline Water Conversion Corporation (SWCC) worth over SAR 230m, including 15% VAT, notes Kallanish.
Located in Dammam Second Industrial City, the company has a capacity of 50…
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Anonymous
Very good overview of the weekly steel market.
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