Saudi Arabia-based Saudi Steel
Pipe (SSP) has announced that it started commercial
production of oil country
tubular goods (OCTG) with a diameter of 20 inches on Sunday, June 29, after receiving an order from Saudi Aramco, the biggest international oil company. SSP stated that the financial impact of this order will be reflected in its results for the third quarter of the current year.
SSP also stated that 90 percent of the
pipe coating project has been completed and pilot
production will begin in the third quarter and commercial
production will begin in the fourth quarter. This new plant will be able to coat pipes with diameters up to 30 inches.
The company's plant project to produce steel pipes up to eight inches will come into commercial
production in the first quarter of 2015.