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FINANCIAL NEWS
SSP wins two new supply contracts from Saudi Aramco
15 Jul 2013
(MENAFN) Saudi Steel Pipe Company (SSP) has won two contracts worth USD66.65 million to supply OCTG steel pipes to Saudi Aramco, Arab News reported.
The two deals are the continuation of the contracts that were struck in 2012 and the first half of 2013, and the work is under way to produce and deliver pipes on a monthly basis, the company said in a statement on Tadawul website.
SSP added that the pipes will be produced for these new contracts by the end of the second quarter of next year and until the fourth quarter of 2014.
The pipes for the new contracts will be produced at the company pipe factory in Dammam Second Industrial City according to the specifications of Saudi Aramco and the international standards.
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