Arab News, Tuesday, Aug 30, 2022 | Safar 3, 1444
Saudi Steel Pipe Co. secures $24m contract from Uruguay’s Tenaris Global
Saudi Arabia: Saudi Steel Pipe Co.
won a contract worth SR88 million ($24 million) from Uruguay-based Tenaris
Under the contract, the Saudi company will provide
oil and gas pipes to Tenaris, according to its bourse filing.
The financial impact is likely to appear
toward the end of the year and the beginning of 2023, it said
In 2019, Tenaris, a global steel tube supplier,
acquired 47.8 percent of Saudi Steel Pipe.