26
Jan
07:35
Arabian Pipes secures first 2022 pipe contract
Riyadh-based Arabian Pipes Company (APC) has been awarded by oil giant Saudi Aramco with a SAR 268 million ($71.4m) steel pipe supply contract, Kallanish notes.
The contract was signed off on 25 December, with the duration indicated as 13 months, according to a bourse filing.
The financial impact and the relevant period of the contract will be from the third quarter of 2022 until Q1 2023, the pipemaker adds.
Aramco previously awarded APC with two separ…
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