Saudi Steel Pipe Company (SSPC) has bagged a SAR 58 million ($15.5m) order to supply oil & gas pipe to Saudi Aramco. The duration of the contract, signed on 30 June, is up to 12 months, with financial impact to materialise from the last quarter of 2022, Kallanish notes.
Dammam-based SSPC has a 360,000 tonnes/year high-frequency induction welded pipe production capacity. Tenaris holds a 47.79% share in SSPC, and SSPC owns a 35% share in Saudi-German j…
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