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 and coating services worth around SAR 204 million ($54.4 million).
Under the contract, Arabian Pipes Company will supply pipes to Aramco for 16 months.
The financial impact of this contract is expected to be reflected from the first quarter of 2024 to the second quarter of 2025.
The companies had signed a similar contract worth around SAR 302 million in August this year, as SteelOrbis previously reported.