Saudi Arabia-based pipe manufacturer Arabian Pipes Company (APC) has announced that it has signed a supply contract with Saudi Arabian oil and gas company Aramco for steel pipes worth around SAR 302 million ($80.53 million).
Under the contract, Arabian Pipes Company will supply pipes to Aramco for up to 11 months.
The financial impact of this contract is expected to be reflected in the first and second quarters of 2024.
The companies had signed a similar contract worth around SAR 322 million in July this year, as SteelOrbis previously reported.