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Press Dossier   News Category    Economy    Saudi Steel Pipe Co. secures $24m contract from Uruguay’s Tenaris Global

Arab News, Tuesday, Aug 30, 2022 | Safar 3, 1444

Saudi Steel Pipe Co. secures $24m contract from Uruguay’s Tenaris Global

Saudi Arabia: Saudi Steel Pipe Co. won a contract worth SR88 million ($24 million) from Uruguay-based Tenaris Global Services.

Under the contract, the Saudi company will provide oil and gas pipes to Tenaris, according to its bourse filing.

The financial impact is likely to appear toward the end of the year and the beginning of 2023, it said

In 2019, Tenaris, a global steel tube supplier, acquired 47.8 percent of Saudi Steel Pipe.

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