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 54 million ($14.4 million).
Under the contract, Arabian Pipes Company will supply pipes to Aramco for 10 months.
The financial impact of this contract is expected to be reflected to the second quarter of 2024.
Recently, the companies had signed a steel pipe and coating services contract worth around SAR 204 million, as SteelOrbis previously reported.