Saudi Aramco has awarded separate steel pipe supply contracts to Saudi Steel Pipe Co. (SSP) and Arabian Pipes Co., with a combined value of around SAR 168.8 mln (USD 45mln).
SSP secured a SAR 72.8 mln (USD 19.4 mln) contract to supply oil and gas steel pipes to Aramco. The contract has a duration of 12 months, with its financial impact expected to be reflected in the second half of 2027.
Arabian Pipes signed a SAR 96 mln (USD 25.6 mln) contract with Aramco for the manufacture and supply of steel pipes. The contract runs for 10 months, with the financial impact expected from Q4 2026 through Q2 2027.
SSP manufactures electrically resistance welded (ERW) steel pipes for the energy, industrial, and construction sectors across the Middle East and North Africa. The company’s product portfolio includes oil country tubular goods (OCTG), line pipes, API and premium connections, accessories, and related services. SSP has an annual production capacity exceeding 400,000 tons. In January 2019, Tenaris acquired a 47.79pct stake in SSP, after which the company was rebranded as TenarisSaudiSteelPipes.
Arabian Pipes manufactures welded steel pipes for oil and gas, structural, and commercial applications. The company operates production facilities in Riyadh and Jubail with combined annual production capacity of around 460,000 tons, including ERW and LSAW pipe mills. The company also operates threading, coating, and steel coil slitting facilities.
1 USD / 3.75 SAR