Saudi Steel Pipe Company (SSPC) has bagged an SAR 87.8 million ($23.4m) order to supply oil & gas pipe to affiliate Tenaris Global Services in Uruguay. Product will be supplied within five months, Kallanish notes.
The financial impact of the order is expected to materialise in the last quarter of fiscal year 2022 and first quarter of fiscal year 2023, SSPC says.
Tenaris holds a 47.79% stake in Saudi Arabia-based subsidiary SSPC. The unit has a production capa…
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