Saudi Steel Pipe Company (SSPC) has been awarded a SAR 149.8 million ($39.9m) contract to supply oil & gas pipe to Saudi Aramco. The contract duration is 15 months, with financial impact expected to materialise in the second and third quarter of 2023, Kallanish notes.
Tenaris holds a 47.79% stake in Saudi Arabia-based subsidiary SSPC. The unit has a production capacity of 360,000 tonnes/year of high-frequency induction welded pipe. The global pipemaker said in…
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