Saudi Arabia-based Arabian Pipes Company (APC) signed a contract with Kuwait’s KAC Trading Company for the manufacture and supply of OCTG casing pipes for Kuwait Oil Company (KOC).
According to the company, the contract value exceeds 5pct of APC’s total revenue based on its latest audited 2025 financial statements. Based on the company’s 2025 revenue of around SAR 874 mln (USD 233 mln), the contract value is estimated to exceed SAR 43.7 mln (USD 11.7 mln).
The contract duration is 12 months, with the financial impact expected between the fourth quarter of 2026 and the second quarter of 2027.
The agreement covers the manufacture and supply of casing pipes used in oil and gas drilling applications.
APC stated that the contract supports its expansion in the OCTG and casing pipe segment across regional and export markets.
APC 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. APC also operates threading, coating, and steel coil slitting facilities.
1 USD / 3.75 SAR